Friendly Jordies says Everybody Hates Property Developers and that Labor has banned property developers from being part of the Labor Party.
How does OzBargain feel? Do You Hate Property Developers?
Do You Hate Property Developers?
deme on 29/11/2021 - 18:07
Poll Options
- 94Yes I Hate Property Developers
- 10No I Love Property Developers
- 15Meh
Comments
I'll start. Property developers priority is to make money for themselves. This often comes in the way of quality.
They should be making functional spaces for occupiers and the local areas.
Plus they have very very little regard in how the development affects the neighbouring area. No care about parking, shadows from the building, privacy for next door etc.
No care about parking, shadows from the building, privacy for next door etc.
I have gone through this process myself of building a high 2 storey home.
The shadow cast and the objection from the neighbour killed the project.
Building codes / bylaws are in place to prevent issues like this.
@tsunamisurfer: Well maybe I am thinking Gold Coast.
All conditions maybe be part of application, but it certainly doesn’t stop thing being approved.
Any restrictions just then go to someone else and then get approved anyway.Eg, I know a development near me, restricted to a certain number of units, couldn’t build near a corner because the council was going to take that land for road expansions. Original design declined, went higher for approval who stated they didn’t need to go by the original rulings and approved development.
I’ve worked with plenty of developers who get by restrictions up here.
@tsunamisurfer: Depends on the state.
It's my understanding that in QLD neighbours aren't given a right of reply when it comes to changes or builds.
Property developers priority is to make money for themselves.
This describes 90% of entrepreneurs.
They should be making functional spaces for occupiers and the local areas.
If they weren't functional they would not sell.
Property developers love themselves so not everyone hates them.
They definitely shouldn't be in public positions of power where they can get reward themselves financially. Having multiple developers at a single Council isn't a uniform representation of the community..
Oh those build/built shoddy apartments… Opal, Mascot, etc…
In a big partment currently, still sagas going on 6 years later. Cheaply built, missing insulation patches, the stuff in the brochures when we bought it was all swapped out with cheap fittings, wool carpet became polyprop. All the services like hot water, internet, and power are this overpriced "embedded" rubbish (lucky for coax NBN however, we were able to escape the monopoly they had on the phone lines)
I work for a lot of property developers through my role in construction. Residential development is full of shifty crooks, would do anything to cut $1 off a project to put it in their pocket. Often work to 3% margins or even believe it or not 0%. Commercial developers have better margins and work off set rates for development and seem to cut less on construction costs. What alarms me about both commercial and residential developers is the amount of funny money from overseas - dual citizens (I guess?) and poor regulations… the government clearly doesn't understand how the development process works… their "changes" to improve the industry wont solve a thing.
Property Developers in growth areas are the worst imo. Paying a few million for large massive blocks of land where they inevitably profit 400-500% from creating smaller blocks is just cooked. My problem isnt the size of the land, it's the cost that leads to increasing house prices in growth areas that doesn't have the infrastructure to handle the increased population.
If developers were made to contribute more to councils and in creating roads, parks and other facilities then it could be okay but at the moment developer contributions are so miniscule compared to the abject profit they make
Depends on the developer, there are some really good ones and there are a whole heap of really bad ones just trying to make as much as they can and don't care about what happens after.
I'm also concerned about investors like these.
https://www.realestate.com.au/news/family-who-started-invest…
But they are smart, i'll give them that. End of the day, it's free world. Feel free to make as much money as you want.
Like Estate Agents and Car Salespeople they are the Devil's spawn but I'm sure that somewhere there is an honest one, and one day I hope that I'll meet them.
I hate real estate agents, profiting on peoples misery with sydney prices
I hate real estate agents, profiting on peoples misery with sydney prices
The buyers have no issue, why do you?
The issue is those that will miss out on home ownership because of mass hysteria pushing up prices needlessly, partly driven by
parasitesreal estate agentsReal estate agents don't bid on the properties. The buyers do.
Why no ask the bidders why they are prepared to climb over each other for that dream house?
Can we have a poll on property investors?
Developer's are scum
Developers corrupt the government. It should be done by people instead. But then again, the politicians get paid as low as 22k per year.
I hate the governments that run ridiculously high immigration rates to artificially “grow” the economy and create the need for unbridled development.
If you wiped out property developers, they'd be replaced by small or mum and dad investors.
There's always someone to hate.
Why do you hate them?