Many first-time “mum and dad” developers jump into projects without fully understanding the process - and that can lead to costly mistakes.
A major issue is structure. Setting up your land purchase correctly from the start can save hundreds of thousands in tax. Many people overlook things like GST and Capital Gains Tax (CGT) when planning to build and sell multiple townhouses.
Another common gap is the lack of a feasibility study. A well-prepared feasibility helps you assess the project’s true costs, potential returns, and risks. It should guide every decision - from choosing a builder and funding options to managing timelines.
Without a clear structure and feasibility plan, even a promising development can quickly become unprofitable. The key is to plan ahead, seek professional advice, and treat your project like a business from day one.
