This week on the Development Ready podcast, we have Melbourne Developer and Director of Better Living Group, Dino Mazzei.
We speak to Dino about the changing face of the development industry and discuss topics such as:
- What makes a development project viable
- How to maintain longevity in the development industry
- Building for the consumer
- How to adapt and thrive in an ever-evolving development market
...plus much more.
Remember as always to like and follow us on Facebook and Instagram to see who we have on next week’s episode.
Show notes
01:11 - Introduction
01:55 - What he does and how he got started
03:52 - Their niche and what area(s) they work in
05:00 - How they evaluate a potential job and where they search for work
07:07 - Funding and what it’s like working with banks
08:53 - Obstacles faced when taking over Better Living Group
11:25 - What they focused on when starting out and present day
12:45 - Shift in market
14:25 - Biggest problem facing developers in today's economy
15:01 - Alternative lenders and funding sources
17:43 - Equity in deals
18:31 - De-risking projects with a focus on a recent project
22:52 - How being builders and developers gives them an edge over competitors
25:21 - Obstacles faced with over a long-term business
26:38 - Conservative model
28:49 - Development Philosophy
32:02 - Transitioning to industrial from residential development
32:46 - Retirement living space
34:33 - Areas and markets
37:31 - Transformative and opportune areas
39:11 - Vendor expectations and joint deals
41:47 - Opportunity to contract as builders
43:11 - Best advice, life or business
