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In an ideal world, property developers should have a graceful exit from each project, whether they are selling or holding the properties.
Auctions have changed quite a bit over recent years, but one thing that hasn't is the need to stick to your budget like bees to a honey pot.
To become a competent property developer, it's advisable to begin small, perhaps starting with a cosmetic renovation, then working your way up to a simple subdivision, and then a strata subdivision.
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