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FIRST ONE NEEDS TO UNDERSTAND

the many strategies and rules that are available to a Property Developer. Join up with several of your local property meetup groups as you will gather knowledge in these groups known for sharing. Below we will cover but a few of those strategies that we believe are important and worth your consideration.

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UNDERSTANDING THE PROPERTY MARKET

understanding the demographics and socioeconomics of the market place will help direct you to your target group, better ensuring you will be marketing to hungry buyers. Buyer groups have differing needs, requiring homes that fit their budget and lifestyle. This could be influence by the Couples with young families or the Gen Y’s Cafe latté scene or the Silver Surfers downsizing or moving Bayside etc. But note that all demographic groups look for value in their purchase. Researching and analysing the demographics, population, age, income groups and market trends within an area will establish the characteristics and stability of your chosen suburb.

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