#005 - Blake Goddard & Elliot O'Shea of JLL

This week on the Development Ready podcast, we have Investment Sales Manager and Investment Sales Executive at JLL, Elliot O’Shea and Blake Goddard. We speak to the guys about their Real Estate journey and discuss topics such as: Why the Brisbane market still offers great investment potential for investors Which pockets of Brisbane are set to hit a boom What developers should be considering When evaluating the viability of a development site and Why Adapting to a changing market is pivotal to a developers success ...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 02:07 - Backgrounds, who they are 04:11 - JLL and their roles in the company 06:35 - Exposure to other elements of business 08:45 - Current market of development sites 11:11 - Foreign developers 12:56 - Settlement risk 14:18 - Commercial sales and investment markets 15:22 - Vendor expectations and how to manage them 19:06 - Holding onto assets for a more opportune time to develop 23:12 - Commercial investors turned developers because of market 24:59 - Sale trends in hot markets 27:41 - Value of commercial assets in Brisbane 29:19 - Outside investor interest in Brisbane 31:47 - Difficulties involved in transitioning across states 33:00 - Developing in one area 34:24 - Undervalued areas of Brisbane 36:01 - Evaluating areas to develop 38:18 - Important skills/attributes/roles of a good agent 42:46 - Agent perception transitioning to advisor 44:22 - Developer’s and investor’s expectations 48:05 - Best advice, life or business Links JLL Blue Sky Aria Property Group