Ron Forlee in Perth, Western Australia | Architectural designer

Ron Forlee

Locality: Perth, Western Australia

Phone: +61 8 6558 1877

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10.01.2022 These are the last two points when looking at the economic information of a profitable development site Bankruptcy rates: Local bankruptcy rates of businesses in the area indicate the health of the market. The higher the rates, the closer the local economy is to a recession or depression. Check and research this information from the local banks, legal newspapers, research firms and local accountants.... Local inflation indexes: In preparing your financial forecasts and feasibility study, you will need to know what the past cost of living indexes was and what the future trends are predicted. Information can be obtained from the Australian Bureau of Statistics and or local accounting firms. If this topic is peaking your interest but you feel you would like to know more - take a look at the courses on providing you with a comprehensive understanding of the property development process combined with the practical skills required to work effectively in the property development industry.

04.01.2022 More points to investigate - Unemployment rates: The local unemployment figures should be evaluated to see if the area's rate is rising or declining. A trend toward high unemployment can mean a low demand for sales or rental properties. Information can be obtained from the Department of Labour or the local Chamber of Commerce.... New construction activity and available land: Carefully examine the current and projected commercial and residential construction activity. Is building activity increasing or decreasing? Any new building activity of a similar type to your development will add more competition to the market. Also, the rezoning of any vacant land in the area should be examined, as new land could be competitive in the future. Information can be gathered from the Australian Bureau of Statistics, the local building department, local real estate research firms and local real estate valuers. Are you finding the information informative? Let me know!! #propertydevelopment #realestatedevelopment #property #perth #australia #ronforlee #mentorshipmatters #passiveincome #success