Читать книгу Australian Residential Property Development for Investors - Forlee Ron - Страница 7

As the global population continues to increase, so does the demand for food and shelter. Our survival depends directly on how we use and manage our land and resources. As humans have evolved, so have our uses of land – for agriculture and shelter, but also for recreation, shopping, education, transport, business activities and entertainment. In our homes we live, eat and sleep; commercial buildings provide space for social and business interaction, and retail centres for selling of goods and services. As our communities expand, the demand for all these facilities increase, and this is where property developers are needed. The population of Australia, currently around 23 million, is projected to rise to 40 million by 2060; much more housing and facilities will have to be provided to accommodate this growth.

In simple terms, property development can be described as providing solutions to the demands for real estate in our society by designing, financing and constructing facilities that satisfy this demand. It is a profession that requires meticulous and thorough research together with a firm understanding of the property industry, and current and future market conditions. Some consider property development a skill, but in reality it is the analytical process of aligning the current and projected market with the associated risks and financial rewards in relation to a specific development project. Successful developers understand these fundamentals and are therefore able to sustain their reputation in a highly volatile industry in which others have failed through bad strategies or timing or simple greed.