Show Notes
Being a developer isn't about buying sites. It's about knowing what's about to go wrong. The founder of Sherpa has been developing for decades, including through the GFC when buyers walked away from sold out buildings. He takes Matt through how a development gets funded, why he prices under the market deliberately, and the numbers that tell him a site won't work. Plus why he buys beachside, not beachfront. At Palm Beach that gap is 100%.
🏡 Gold Coast Buyers Agency 👉 https://www.thesramagroup.com/
In this episode, we cover: The 5 stages of every property development, and why one is always the constraint
Why being a property developer isn't about buying sites
Property development finance: senior debt, mezzanine funding and the capital stack
Why equity is the dearest form of debt
How a development approval creates equity before you build
What goes wrong: builder insolvency, trades walking, a $9M loss
Why Sherpa sells 5% under market on purpose
The site model: 40x40 blocks and why car parking governs everything
The 60% rule that kills most development sites
Property development for beginners: the 900sqm filter
Beachside vs beachfront, and the 100% price gap at Palm Beach
Rooftops, retail income and lower body corporate fees
What a $750K first home really costs to service
Property of the week: an off market home in Elanora — Palm Beach quality, six minutes away.
Connect with Sherpa Website → https://sherpagroup.com.au/ Instagram → https://www.instagram.com/sherpapropertygroup/
Connect with us: Instagram → https://www.instagram.com/matt_srama/?hl=en TikTok → https://www.tiktok.com/@matt_srama LinkedIn → https://www.linkedin.com/in/matthew-srama-b8647b1ba/?originalSubdomain=au BGC Podcast → https://open.spotify.com/show/6ZTdnNdku9iVdkBEFrND8V Gold Coast Buyers Agency → https://www.thesramagroup.com/ Join 3000+ for weekly insights → https://buying-gold-coast.kit.com/jointhelist If you're serious about how to buy property on the Gold Coast, understand where the city is heading, spot lifestyle and development opportunities, and stay ahead of the Gold Coast property market, subscribe to Buying Gold Coast for weekly insights. → https://buying-gold-coast.kit.com/jointhelist
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