What is a career in Property Development Like?

Are you interested in building and shaping the future landscapes of our cities? What is a career in property development like?

This blog post explores property development. It shows the fun, challenges, and rewards of this exciting career.

If you’re a student thinking about careers or a property student wanting to learn, this guide will give you useful information.

Quick Links

• Understanding Property Development
• Insights from an Industry Expert
• The Journey to Becoming a Property Developer
• Essential Skills for Property Developers
• The Rewards of a Career in Property Development
• Educational Pathways into Property Development

Understanding Property Development

Property development means turning an idea into a real, useful place.

It starts with buying land. Then, buildings or roads are made. Usually, the finished place is sold or rented out.

The aim is to meet what people want and make money.

Property development is important for city planning and the economy.

Developers build places for people to live, work, and have fun.

This affects how people live every day and helps the local economy grow.

Insights from an Industry Expert

Sam Cuccurullo knows a lot about property. He teaches at ICMS about property and corporate real estate.

He helped start a company using new building technology.

At A SC Company, he advised on business plans.

He also worked at Cushman & Wakefield and CB Richard Ellis in Asia. For nearly 20 years, he focused on managing property and assets.

Sam believes in hard work and passion. This shows when projects succeed.

1. You Need to Be Driven and Resilient

“The people who are in Property Development are driven by the excitement and the potential to create something that meets the market and has the potential for financial success.

“They love it.

“Not everyone makes a financial success of property development; there are many that have failed many times.

“The ones who are driven are back on their financial feet and try again.”

2. Local Knowledge of an Area is Priceless

“In my experience, I have seen the best developers are people that have grown up in or are living in the suburb that a site is being developed.

“They know the market and know the target for the development.

“Generally, they have many years or decades of experience.

“They know the values and what the development can sell for and take fewer risks.”

3. A Fulfilling and Sought-After Career

“To answer the question, ‘what is a career in property development like?’, I would have to say that it is not easy, but once a person obtains the experience, it is extremely fulfilling.

“As a lecturer, I ask each class that I teach at the first week what each person would like to do in the industry, and almost a third of the class answer that they want to be a property developer!”

The Journey to Becoming a Property Developer

Becoming a successful property developer requires learning and experience.

It is important to know what the market wants, understand the rules, and manage building projects.

You can get a good start with education, like the ICMS Bachelor of Property (Development, Investment and Valuation), to learn the basics and meet people in the industry.

This article offers an easy to understand guide on how to become a property developer.

Essential Skills for Property Developers

• Project Management

It is important to manage different parts of a project. Good planning and execution help make sure everything goes well.

• Market Research

It is important to know what people want in the market. Developers need to understand what buyers or renters are looking for. They should know how to give them what they need.

• Financial Acumen

You need good money skills to handle budgets, get funding, and make sure the project makes a profit.

The Rewards of a Career in Property Development

Even though it is tough, property development is very rewarding. Successful projects can make a lot of money. They also help the community grow and improve.

To find out more about property development careers, and what you can earn in Australia, click here.

Educational Pathways into Property Development

Learning about property development helps you build a strong career.

Programs like the ICMS Bachelor of Property (Development, Investment and Valuation) teaches you important knowledge and provide hands-on training in the industry.

The degree includes the ICMS Work Integrated Learning (WIL) program helps students meet people in the industry.

Every property student completes an internship as part of their degree.

This gives them real-world experience before they graduate.

These connections can lead to future jobs in property development.

Read this article to find out the Top 10 Things you need to know about a Property Management Bachelor Degree.

Stop wondering what it’s like… Go Get that Property Development Career!

A career in property development is challenging but rewarding.

It needs technical skills, market knowledge, and personal qualities like resilience and passion.

If you invest time and effort, you can shape the future of our cities and make a big impact on the community.

More confident now about knowing what a career in property development is like?

Signing up for the right property degree is your first step.

You’ll learn about development, investment, and valuation.

Experts will guide you, and you’ll get hands-on experience.

This will help you start a successful career in property development.

To find out more about the ICMS Bachelor of Property (Development, Investment and Valuation), click here.