{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Andrew Wright Property Podcast","title":"EP35: Why Most Property Developments Never Make Money with David Kelly","html":"","width":"100%","height":180,"duration":3204,"description":"Why do so many property developments fail to make money even in a rising market?\n\nIn Part 2 of Andrew Wright's conversation with experienced property developer David Kelly, you'll learn why successful developments are built on strong feasibility, not optimism.\nDrawing on more than 35 years of experience, David shares lessons from luxury homes, townhouse developments, land subdivisions, international projects in California, and his latest $20 million Burleigh development. Along the way, he explains why so many developers overpay for sites, how to avoid overcapitalising, and why understanding your numbers before you buy is the key to long-term success. \nIn this episode you'll learn:Why many developments don't actually make a profit How feasibility studies separate good deals from bad ones The biggest mistakes developers make when buying land Why David pivoted from apartments to luxury townhouses Lessons from developing property in Australia and the United States How architecture and design can increase value without unnecessary cost The role of finance, equity and pre-sales in larger developments Why experienced developers constantly adapt their strategy as markets change Whether you're planning your first development or looking to tackle larger projects, this episode offers practical lessons from someone who has spent decades building, developing and investing in property.\nConnect with David Kelly: https://davekelly.co/\nListen to his podcast here: The Manschit Podcast\nReach out to Dave here:\nEmail: david@dtk.com.au\nWebsite: www.sempre.properties\nLearn more about Andrew Wright: https://andrewwrightproperty.com.au/\n🎙 The Andrew Wright Property Podcast shares practical strategies for property investors, developers and commercial property professionals looking to build long-term wealth.\nIf you enjoyed this episode, subscribe for more conversations with Australia's leading property investors and developers.","thumbnail_url":"https://img.transistorcdn.com/AWve3fdnlO5RFVojAFxQgn5FISMIjquKk-WfEFUMIg4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jNWEw/ZTA1YTI2ZjQ0OGQ1/NmE0OGU3MzA0NTc5/MTBkMS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}