property development

**massive** · 05-09-2007, 11:24 AM

We are moving to Adelaide next year after years of hard toil in doing up our last 3 houses over the last 10 years, this is something that i really enjoy doing and without being too big headed, i am quite good at it now.Does anyone know whether property developement is a big thing in Adelaide, do lots of people do it, is there a market for it?? Does anyone out there actually do it and would be interested in joining forces or would be willing to pass on any info.

**graandjac** · 05-09-2007, 11:54 AM

;)Hi Massive have a look at www.realestate.com.au and looking at alot of the adverts for properties them seem to be sold as investment ie needs doing up and also the prices for older house are much lower, and the plots seem bigger on average.

This is something i have been looking at but some of the jobs that we would do at home you are not aloud to do down under ,for example plumbing and electrics have to be done by a registered tradesman.Cheers Graham

**guest569** · 05-09-2007, 12:02 PM

can you believe you are not even allowed to change your own light fittings here !!! Unless you are a certified electrician of course.

**soggy** · 05-09-2007, 03:15 PM

Originally Posted by massive

We are moving to Adelaide next year after years of hard toil in doing up our last 3 houses over the last 10 years, this is something that i really enjoy doing and without being too big headed, i am quite good at it now.Does anyone know whether property developement is a big thing in Adelaide, do lots of people do it, is there a market for it?? Does anyone out there actually do it and would be interested in joining forces or would be willing to pass on any info.

Hi, ive had the same idea about property developement, it is a bit of a problem that you cant change a light fitting or a tap on our own and just wondering if you need to have some kind of licence to carry out significant work on a house for profit, it would not suprise me. As im going on 495 visa (if I get it) I will have to wait to buy a old house unless to live in anyway so will have time to find out if its going to be profitalble before im able to start, I will follow this thread with interest though.

Simon

**massive** · 05-09-2007, 06:30 PM

simon, im pretty sure that you arent meant to change sockets here without a qualification, and most plumbing jobs arent insured if you do them yourself, pretty sure that a couple of handy lads could pick up a cheap old property and do most of the work themselves and get a qualified plumber/spark to check the work before selling, for a fee of course, and make a tidy profit, certainly something that i will be looking at, ways and means around all problems..........what do you think??

**soggy** · 05-09-2007, 06:58 PM

Originally Posted by massive

simon, im pretty sure that you arent meant to change sockets here without a qualification, and most plumbing jobs arent insured if you do them yourself, pretty sure that a couple of handy lads could pick up a cheap old property and do most of the work themselves and get a qualified plumber/spark to check the work before selling, for a fee of course, and make a tidy profit, certainly something that i will be looking at, ways and means around all problems..........what do you think??

Hi, I would like to think theres a way around it, the one advantage is the plumbers in Aus dont charge the fortune they do here. I am currently a maintenance operative for a national builder and do all kinds of building work, and really want to do my own thing in Aus but a bit tricky without PR. Where theres a will theres a way;).

Simon

**Leanne & Mark** · 05-09-2007, 10:56 PM

We looked at this too, but are also on a 457. I'm looking at doing electricians course here, and getting a licence on arrival (about a year). any one know a plumber ????

Mark

**Roo1** · 06-09-2007, 12:59 AM

Originally Posted by Leanne & Mark

We looked at this too, but are also on a 457. I'm looking at doing electricians course here, and getting a licence on arrival (about a year). any one know a plumber ????

Mark

Yep,I do. I'm meeting his Mrs today, so will ask her if its ok to PM you his email/number.

J x

**Tyke** · 06-09-2007, 01:09 AM

Originally Posted by massive

We are moving to Adelaide next year after years of hard toil in doing up our last 3 houses over the last 10 years, this is something that i really enjoy doing and without being too big headed, i am quite good at it now.Does anyone know whether property developement is a big thing in Adelaide, do lots of people do it, is there a market for it?? Does anyone out there actually do it and would be interested in joining forces or would be willing to pass on any info.

Hiya Massive

We renovated/ developed property in the UK also.
Seriously looked at it here but there are 2 main obstacles:

1,As said before you need a license for everything - I can do small plumbing/joinery/electrical and so on but to sell a property on that has had work by unlicensed people is illegal

It can break a contract / kill insurance and so on.
Finding someone who has multi licenses is very hard and they are much in demand,I know 2 and they are chocca with work.

2,Resale value/stock.
There is just not the profit to be had in renovating as costs are high due to having to use several licensed tradies and the cost of materials is higher also.Timber is very expensive here!Also there is a trend towards buying new or newer homes so older homes with no real old charm can be viewed as "secondhand"

There is not much stock of that nature/price to buy in my locale and I would definitely so a lot of homework on any area you choose.

Development from ground up on bare land can be profitable but there again you need plenty of people/tradies involved and normally this is only possible by larger building companies.

I'd be wary of buying into property developments with glossy brochures and promises of high returns also.

Hope this helps :D