#004 - Dino Mazzei from Better Living Group

This week on the Development Ready podcast, we have Melbourne Developer and Director of Better Living Group, Dino Mazzei. We speak to Dino about the changing face of the development industry and discuss topics such as: What makes a development project viable How to maintain longevity in the development industry Building for the consumer How to adapt and thrive in an ever-evolving development market ...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 01:55 - What he does and how he got started 03:52 - Their niche and what area(s) they work in 05:00 - How they evaluate a potential job and where they search for work 07:07 - Funding and what it’s like working with banks 08:53 - Obstacles faced when taking over Better Living Group 11:25 - What they focused on when starting out and present day 12:45 - Shift in market 14:25 - Biggest problem facing developers in today's economy 15:01 - Alternative lenders and funding sources 17:43 - Equity in deals 18:31 - De-risking projects with a focus on a recent project 22:52 - How being builders and developers gives them an edge over competitors 25:21 - Obstacles faced with over a long-term business 26:38 - Conservative model 28:49 - Development Philosophy 32:02 - Transitioning to industrial from residential development 32:46 - Retirement living space 34:33 - Areas and markets 37:31 - Transformative and opportune areas 39:11 - Vendor expectations and joint deals 41:47 - Opportunity to contract as builders 43:11 - Best advice, life or business Links Better Living Group Mazzei Homes