Property development courses – are they worth it?
Property development courses are on the rise as increasing numbers of people look to the sector as a way of building wealth. But’s what’s on offer? And what do participants actually learn?
If you go back in time a few years, there was no such thing as professional education for property developers. People tended to fall into the profession, with the main prerequisite for entry being access to plenty of capital. The whole sector tended to be regarded with suspicion by the wider the community who often saw property developers as unscrupulous.
Fast forward to today and society’s view of property developers – and the career channels for becoming one – have changed dramatically. With urban consolidation a necessity in many cities due to growing populations, there is newfound respect for the role developers play in creating and improving housing stock. Television shows such as The Block have inspired countless people to try their hand at developing, and a number of schools have sprung up to help teach the skills needed to succeed.
The DG Institute is a leading provider of financial and wealth creation education and has been providing training around property investment for more than a decade. It offers a range of property development courses that give novices their first taste of a career in development and provide more committed individuals with the tools they need to become successful developers.
But what do participants in each course actually get? Who are the various courses aimed at? And are they worth the time? Here’s a look at the three most popular DGI property development courses.
Property Development Courses
Course name: Property Developer Workshop
Aimed at: People curious about the profession
Duration: 2 hours
Take-aways: Understanding of the three most popular ways to develop
This free event is aimed at people who are new to property development courses and who want to learn more about how the industry works. Course attendees hear from Dominique Grubisa, the founder and CEO of the DG Institute who herself has an extensive property portfolio and is constantly undertaking developments. If you turn up, you’ll hear about the three most popular ways to make money through residential property development. ‘DA Uplift’ is where a developer buys a property, gets development approval (DA) through the local council for additions that add value and then either sells the approved projects or completes it his or herself. ‘Subdivision’ is where a developer buys a parcel of land and divides it into smaller parcels, typically building a dwelling on each new piece before selling. ‘Residential Unit Development’ involves a developer investing in a site and gaining approval to build multiple dwellings on it before on-selling the project or completing it.
Course participants will come away with a better understanding of the industry – and maybe a hunger to get involved and find out more.
Course name: Property Developer Summit
Aimed at: People curious about the profession/people with some knowledge of the industry
Duration: 1 full day
Take-aways: Understanding of the industry plus the role analytics and design in success
If you’ve started investigating property development as a side project, this property development course could be for you. Like the Property Developer Workshop, it provides a solid grounding in the different strategies developers can undertake to create, sell and profit from residential property. But the longer time span of a day provides time to explore these concepts in further depth and to look at important side concepts. You’ll learn how to use real estate industry analytics to work out the value of a property, identify district trends and to undertake a realistic feasibility study on your project. Depending on the session, you might also gain insight into related fields such as the role of interior design and how the right interiors can hundreds of thousands of dollars to the value of an individual unit. You should come away from this course with a clearly defined idea of what it is to be a developer and whether you have the drive, passion and know-how to do it yourself.
Course name: Property Uplift Program
Aimed at: People serious about developing/perhaps with some experience
Duration: 3 intensive days
Take-aways: The skills, knowledge and contacts you’ll need to get developing
If you see a future for yourself in property development and want the skills, support and tools to make it a reality, then you must join one of the top property development courses in Australia. If you go along, you’ll be part of a three-day immersive experience with Dominique Grubisa leading a team of development experts who will explain each stage of the development process. You’ll learn about the value of research, how to undertake a feasibility study and how to secure different kinds of finance, and what goes on in the pre-construction phase. Then you’ll hear about the different stages of construction and how to market and sell your development. You’ll get the chance to meet with town planners and architects, and financiers. The course price includes: a property development manual; an event recording; a subscription to RP Data by CoreLogic; six months’ access to DGI’s custom-built RP Data online platform for sourcing sites and cutting edge due diligence; and six months’ subscription to Blockbrief by CoreLogic. Participants also get access to feasibility study software, email support, a legal kit and more. You should come away from this course with the confidence and knowledge you need to start your career as a developer.
In summary, there are great property development courses available in Australia, whether you want to dip your toe in the water or if you want to undertake professional education to get your skills up to speed. Good luck with your property development dreams!
Frequently Asked Questions
What is a property development course?
If you go back in time a few years, there was no such thing as professional education for property developers. People tended to fall into the profession, with the main prerequisite for entry being access to plenty of capital. Today, that’s all changed. People from all walks of life are becoming property developers thanks to the high standard of education being offered through specialist development courses. As well as teaching would-be developers about the various stages of development, high-quality courses, such as those offered by the DG Institute, also explain clever options for finance, meaning that having millions in the bank is no longer a prerequisite.
What can you expect to learn from a property development course?
A high-quality property development course will take you through the stages of development from acquisition to sale. The DG Institute’s Property Uplift Program teaches participants about the value of research, how to undertake a feasibility study, how to secure different kinds of finance, and what goes on in the pre-construction phase. Course-goers also hear about the different stages of construction and how to market and sell their development. They get the chance to meet with town planners, architects and financiers. The course price includes: a property development manual; an event recording; and a subscription to RP Data by CoreLogic (see our website at www.dginstitute .com.au for more information on all our products).
How to get into property development?
You need to crawl before you can learn to walk. Rather than launching yourself unprepared into a property development and hoping for the best, it can pay to educate yourself to the wider process and the types of pitfalls and challenges you can expect to face. A property development course is a great way to start your property development journey. By studying at an institution such as the DG Institute, you will be rubbing shoulders not only with other would-be developers but developing a network with potential investors and funders as well as experts who have successfully completed countless developments. This combination of knowledge and contacts provide you a great chance of succeeding.
If you want to have a taste of the knowledge shared at these three property development courses in Melbourne, join Dominique Grubisa for this upcoming webinar and learn how ‘small-scale’ property developers are making $100,000 (or more) from lower-risk, residential developments.