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Assessing the Importance of Property Development Risk Factors

Author/s: Graeme Newell, Mark Steglick

Date Published: 1/01/2006

Published in: Volume 12 - 2006 Issue 1 (pages 22 - 37)

Abstract

Property development makes a significant contribution to the Australian property industry and economy. However, property development is inherently risky, with a number of risks evident throughout the property development process. From a survey of leading property developers in Australia, the importance of 34 property development risk factors is assessed. The most important property development risk factors identified were environmental risk, time delay risk and land cost risk.

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Keywords

Environmental Risk - Land Cost Risk - Property Development - Property Development Stages - Risk Factors - Time Delay Risk

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