There are more than 4,345 property developers in Australia, a big chunk of which is locally run while some are foreign-owned companies. Now, if you’re looking for your dream home, that statistic could mean that finding the right property developer could take some time and a lot of decision-making.
But we’ll make things easier with the four things that you should look for in a good property developer:
- A diverse portfolio. This should be the first thing that you need to look for in a property developer because it will dictate how well that company is doing in the market. A diverse portfolio is proof of experience, tenure, and success rate. So, if you see a company with different industrial and residential developments in the area, that’s a good sign of stability.
- Different options. Buyers have different needs when it comes to the property they want, and a good property developer should be able to cater to this. Find one that can give you options in terms of location, size, and build for your home.
Of course, you need to factor in the price point, especially since housing affordability in Australia has become quite a challenge lately. Try to avoid going beyond what you can afford. There are good options out there that fit your needs and budget.
- Proximity. Unless you want to live in the middle of nowhere, it’s very important to think about proximity when buying a home. You’d want something close to good schools, supermarkets, business centres, hospitals and other amenities that fits your lifestyle.
Good developers will know exactly where to place their developments, and they will most likely build their amenities for the convenience of their residents.
- Consistency. While there are thousands of property developers Australia, only a handful can deliver in terms of consistency. Look at past and current developments. Were they successful? Have there been any delays in their projects? Are there any complaints from residents? Is the company planning on more developments in the future?
Good developers are always on the lookout for the next best spot because they are stable enough to invest. This is a good sign that you should trust a developer because you know that it will deliver on your needs and can address your problems should they come in the future.
Finally, you can’t forget about doing your research. Once you’ve narrowed down your choices to three, dig in a little deeper to see any loopholes that could affect your decision. You will be making a huge investment in this property, and you’d want to live in it for a long time.
So, don’t rush your decision. Instead, do your research, ask around and weigh in everything before choosing the best property developer in Australia to cater to your needs.
The good news is, there are a lot of good options out there. You just need to work with a property developer that can help you find a property that fits your lifestyle, your budget, and your needs.