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Manage episode 287008188 series 2419074
Building to sell is the classic model that property developers often follow. They create value, realise the gain and then recycle their capital and do it all again. But when market conditions change this may dramatically impact the bottom line and render this model unviable. So what do you do if you are starting a project or half way through?
Well, one option may be to repurpose your project and exit that way, or you could choose to hold on to the stock and ride out the change.
Adapting your stock to longer stay accommodation might be a model that suits your needs. It enables stock to be held longer without huge changeover costs, and can create an appreciating asset base with good cash flow.
I am speaking with David Whelan from Urban Rest Apartments about how they are working with developers to convert their projects from build to sell and turn them into higher yielding assets.
Becoming a developer
Head over to www.propertydevelopertraining.com and take the quiz to see how ready you might be to become a property developer.
Urban Rest Apartments – https://www.urbanrest.com.au