Learn how a once-promising Brisbane site turned into a cautionary tale – and what it means for your next property investment.
Introduction
In property development, theory is one thing—but what you find when you turn up on site can change everything. In this video I walk you around a site in Brisbane that was marketed as a 1.62 hectare development parcel (around 25-30 lots!). But once we arrived… things weren’t as they seemed.
In this blog I’ll break down what I found, why it matters, and how you can avoid falling into the same trap when sourcing land. We’ll also explore why the mantra “seeing is believing” is absolutely vital in property development.
The Story: What Went Wrong
Here’s a quick rundown of what happened on-site:
- The site advertised as 1.62 hectares with subdivision potential for 25-30 lots. (00:00)
- On arrival: hidden issues—roads planned, subdivisions over one side, but crucially the middle of the site had major constraints. (00:36)
- What wasn’t obvious on Google Maps or the marketing pack became painfully evident in person.
- The result: instead of 25-30 lots, you may struggle to get even 5-10 lots out of it.
- My verdict: this deal was a $3.7 million package that in my view was a waste of money—and one to steer clear of.
Why On-Site Visits Matter: Key Lessons
When you’re sourcing land for development or subdividing, here are the key take-aways from this example:
You can’t rely only on marketing materials or online maps
The public listing said “1.62 hectares, prime subdivision” but the real constraints were hidden until you physically walked the ground.
Micro-site issues matter
Even if the parcel size seems right, internal features like topography, access, infrastructure and unexpected subdivision encroachments can kill your yield.
Yield over size
Often developers focus on the headline size (e.g., “1.62 ha”) rather than the net developable lots. What matters is how many viable lots you can carve and sell/profit from.
Trust, but verify
Marketing will highlight the upside; your job is to uncover the downside. Walking the site and verifying all assumptions is non-negotiable.
It costs you if you don’t inspect in person
In this case, the ask of $3.7m may have seemed justified on paper—but upon inspection it clearly didn’t stack up to the promised lot count and ease of subdivision.
How You Can Use This in Your Own Development Journey
- Walk the site early, as soon as you’re considering a purchase or option. Bring your checklist (access, utilities, topography, prior subdivisions).
- Ask the right questions to the vendor: how many lots realistically? What constraints are there? Has the road/infrastructure been finalised?
- Calculate yield conservatively – don’t rely on marketing claims, build in a buffer for surprises (e.g., aim for 70-80% of the promised lot count).
- Document everything—photos, site notes, video walkthroughs. These become critical if you need to renegotiate or walk away.
- Build the habit: As one source from the property development space puts it, understanding the target market and adding value is just as important as being on-site
- Trust your gut: If something feels too good to be true on the site, it probably is. Don’t let FOMO push you into a bad deal.
Final Thoughts
Property development is exciting—but there’s no substitute for boots-on-the-ground inspection. The example in the video underscores one of the biggest developer errors: assuming everything will go to plan. Many do until they turn up, see the real issues, and realise the lot count and returns will collapse.
If you’re serious about building a property empire, commit to the inspection, verification and caution steps early. It could save you hundreds of thousands—or worse, a deal that simply doesn’t deliver.
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