Category Archives: Entrepreneurship in Property

Understand the History of Property Development and Discover the Foundations of Entrepreneurship: Mirages, White Shoes, the 80s and the GFC

Understand the History of Property Development and Discover the Foundations of Entrepreneurship: Mirages, White Shoes, the 80s and the GFC:

Dr Drane Reveals the History of Decay in Property Development Processes Leading to Defects and Tragedies

This is a history note and an update to place an important national event within the chronicle of tragedies and misadventure in the high rise multi-apartment sector of the Australian Property Development Industry which is currently focusing so much on the Opal Tower.

A Building Regulatory Reform Summit was held in February 2018 with the objective of addressing these issues at all levels from Government, Industry and Consumer perspectives.

Here is the summit web page with the emergent White Paper that was the product of the summit. The summit was expertly put together by the Building Products Innovation Council with other industry and government support.

BPIC Building Regulatory Reform Summit Link

The summit resulted in a white paper, a cohort of national experts and an ongoing initiative to solve this problem. I was an invited speaker at the summit because of my historical, systemic emphasis on understanding defects rather than a current technical emphasis.

This was brought to light in my earlier article ‘Defects a Builder’s View’ which was presented at the  Strata and Community Title in Australia for the 21st Century 2015 Conference run by Griffith University. Here is the link to that conference and my article which drew some media attention at the time.

Griffith Uni Strata Conference 2015 Link

Defects: A Builder’s View By Dr Jonathan Drane Article Link

I also attach this image gallery which places The Opal Tower in  perspective with the emerging history of these issues.

I have also appended  my web article at the time which covered this event on my web site when I was with Western Sydney University. See below.

That is all for now and I watch the Opal Tower matter unfold from the safety of the arm chair. For now at least.

BTW: If you want to learn more about the history of property development and how developer’s systems have aided these issues in the lower developer tiers, come to one of my Master Classes on Commercial Property and City Development Dynamics

Master Classes

Dr Jonathan Drane

Building Regulatory Reform Summit 2018- Dr Drane Invited Speaker on Industry Decay

Dr Drane’s Master Class : Becoming a Street Smart Property Developer

Book Here:

This is the first of a number of  online webinars for College and University students (undergrad and postgrad), which are designed to supplement your current College and University studies and help your career aspirations to come to life in the complex and exciting world of commercial property development.

The Master Classes are designed to provide you with real life skills and street smart tools to get you on the road to success. Whether you want to  follow a career employed in property development and/or become a property developer in your own right, these webinars are for you.

I have spent a lifetime in the commercial property development and construction industry and been a property developer in my own right. Over those years I have mentored executives and managers and lectured to hundreds of students across four academic institutions including Sydney University, UNSW, WSU and ICMS. I am also an alumni of UNSW and MGSM.

The universities are all attempting to steer their coursework and offerings toward an ‘industry ready’ framework and my webinars are offered as a supplementary tool kit which helps students to be ‘fit for purpose’.

My webinars are designed to be affordable and provide a range of skills and tools that will stay with you for life.

My two themes are ‘Work Ready’ and ‘Street Smart’.

Work Ready relates to you melding into the property development process and being an instant asset to your employer.

Street Smart relates to you always keeping your eye on your ability to be an entrepreneur in property development and a free ‘journey person’ throughout your life.


The Agenda Includes:

– Your life in Property Development– learning hunting skills and being able to move between employment and self entrepreneurship as a life strategy toward freedom and agility.

-The Current State of Property Development: An introduction to a brief history of Property Development and the new order of DIY Property Developers- which needs to be professionalised ( very much).

– Your Place in the Property Development Industry: How the industry works and how it ties into other professions including financiers, architects, engineers, builders and subcontractors.

-Dr Drane’s Bridge Into the Industry: A brief introduction to the tools of the trade which are brought to life in Dr Drane’s Property Development Game Play which hones your skills from the start.

-Your voice: Tell us what you need to move into the industry and the skillsets that are missing. An anonymous  survey conducted during the session and the results discussed.


Book now for the introductory seminar, see details below.

To assist you with your calendar choice this webinar is run twice :  A weeknight, and Weekend Sunday afternoon.

I look forward to seeing you.

Dr Drane

www.jondrane.net

Book Here:

An Agile Life Path: Choosing Employment and Entrepreneurship

 

 

 

 

How will your work life pan out? You are likely to live longer than past generations and life expectancy is heading into the Octogenarian age group and beyond.

Housing is no longer affordable in city areas, a job is not for life and has an average 2 to 3 year expectancy. This is not always due to redundancy. Job skills are more defined and more diverse and  specialised.  KPIs rule and performance is more prominent.

How will you move forward and what paths can you follow over a working life span of 50 to 60 years. If you take an average of 3 years this is 20 jobs. But what will those jobs be in 20 years or even ten years. Technologies demand and precipitate change and they effect job attrition and specialty.

Meanwhile your life grows and so do your relationships and you might create a family and other commitments. The associated costs don’t reduce with time whilst the variability of income remains reliant on the employment realm.

Whether you like it or not, there will be times when you are out of work and stressed and wondering how to enter the workforce again. Go easy on yourself because guess what? It is hard to be successful for every day of your long life.

What will you do about these interludes?

My answer is to learn to be an entrepreneur and build these skills from an early age. This does not mean you have to take on huge debt or invest huge amounts of capital. It simply means that you seek to sell an offering into the market place.

Doing this will often lead to what you think is failure, but if you look carefully, with time you will see these act as ‘tests’. Tests give feedback and from that you grow forward step by step as an entrepreneur.

You build a unique knowledge set that resembles hunting skills and will stay with you for life.

As time goes by this entrepreneurial profile grows and complements your employment profile. You feel empowered and not trapped by bad employment situations. You can switch from one to the other or they can be parrallel. In effect you become agile.

One of the greatest learning grounds for entrepreneurship is Property and then as you grow skills- Property Development. Since it is an asset anchored by land value it has endurance and has its own stability compared to  other assets such as shares, derivatives, bonds and cash.

IF you want to learn about these skills I am running an introductory Master Class onAn Agile Life Path: Becoming an Entrepreneur & Property Developer: How will your life pan out – as an employee or an entrepreneur or both?

I take you through this ‘path less followed’ and give you the skills and confidence to move forward as an entrepreneur. I hope to see you at one of our classes.

 

 

 

 

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Key Papers 

The Dormancy Dilemma: Growth and Dormancy in Outer West Town Centres in the Sydney Basin: Concept Paper SOAC 2017

The Defects Dilemma: ‘Defects A Builders View’ Read More on How the Property Development Industry Got Here

Read More on the State of Contemporary Property Development

Dr Jonathan Drane