David Johnston – The Property Planner’s Golden nugget: if you would like to subdivide and develop, but you don’t want to put the whole house on the table and risk, make it part of your overall portfolio plan. Maybe it’s your fourth or fifth or sixth purchase, something you land-bank with a capital growth focus and something you look to do towards the transition to retirement when you’re in a strong financial position. If things go wrong, you can wear some of the cost at that point in time, you’re not putting the whole kit and kaboodle at risk through the development.
Peter Koulizos – The Property Professor’s Golden nugget:If subdividing property was easy, everyone would do it. Do your research, speak to locals, other people who have developed before you embark. There is potential for higher returns, but it comes with a higher risk.