Property Development Explained Simply: How to plan, cost and profit from developing property

Property development is about 'improving' the land's usable capabilities. This could be anything from turning one house into two duplexes or developing a vacant block into a 500-unit apartment tower. It doesn't always have to be residential to residential: another development scenario is changing the property's use case to improve the land's capabilities (think abandoned warehouse in inner-city Melbourne rezoned and made into boutique townhouses). For many, property is their biggest investm...