Property Developer Podcast
Justin Gehde
Inspiring guests to help property developers take their business to the next level.
Episodes
Mentioned books
Dec 4, 2025 • 42min
116 – Zac Constantinou – From the Site Shed to the Loan Desk
Property development has always been a balancing act — but right now the scales feel especially heavy. Rising construction costs, messy feasibilities, shifting lender appetite, and a market still absorbing the post-COVID shock are making it harder than ever to get a project funded and delivered. If you’ve been feeling the squeeze, this episode will help you understand what’s really going on behind the scenes.
In this episode of the Property Developer Podcast, we speak with Zac Constantinou, who started his career delivering medium and high-density projects in Sydney before moving into the finance world where he now works on construction funding and private capital at Shore Financial. Having worked both on site and on the lending side, Zac offers a rare perspective on what makes a project viable — and what sinks it.
We cover a wide range of practical insights, including:
Why “buying well” is still the most important part of development
How private capital has stepped in as bank appetite has tightened
The differences between traditional funding and private lenders
What lenders now look for before backing a project
Common red flags with builders and consultants
The impact of cost blowouts and how to manage them
Why some Sydney markets are heating up again after recent planning reforms
The importance of clean feasibilities, strong documentation, and telling a clear lender story
How developers can position themselves for success in a tougher environment
“One of the biggest mistakes developers make is underestimating how even small cost or sales shifts can blow out a feasibility.”
Property Developer Training
If you’re ready to take control of your development journey, my Property Developer Training will help you build the skills and confidence to run a small-scale project from start to finish. It covers everything from finding a site and running your numbers to managing consultants and navigating construction. You’ll learn the frameworks I use on my own projects — and the mistakes I wish I’d avoided.
New Course: Building Blueprint – Navigating Construction During Turbulent Times
Included with Property Developer Training is a brand new course, Building Blueprint, designed to help you understand construction contracts, avoid common pitfalls, and manage your builder relationships through uncertain market conditions. If you want to strengthen your construction knowledge, this course will give you a major advantage.
Head over to https://www.propertydevelopertraining.com to learn more.
Property Developer Quiz
Not sure if you’re ready to take on a development?Take the free Property Developer Quiz and find out where you stand. Whether you’re new to the space or already working through your first project, the quiz will help you identify your strengths and uncover any gaps in your knowledge.
Take the quiz at: https://www.propertydevelopertraining.com/quiz
Free Book – Become a Million Dollar Property Developer
Want to know how I delivered a 20-townhouse project on my first development? Grab a free digital copy of my book, Become a Million Dollar Property Developer, where I share my journey, the lessons learned, and the strategies you can apply to your own projects.
Download it here: https://www.propertydevelopertraining.com/digital_book
Social Connection
YouTube – Watch all episodes and follow my project updates: https://www.youtube.com/@propertydeveloperpodcast196Facebook – See what’s happening on site and behind the scenes: https://www.facebook.com/propertydeveloperpodcastInstagram – Short videos, site updates, and development tips: https://www.instagram.com/property_developer_podcast/LinkedIn – Connect with me professionally: https://www.linkedin.com/company/property-developer-podcast
Links
Shore Financial – https://shorefinancial.com.au/
Jun 7, 2025 • 1h 18min
115 – Maxwell Shifman – Is Property Development Dead?
Property development in Australia is getting harder—and this episode unpacks why. Soaring costs, endless planning delays, contradictory government policies, and a risk-averse planning culture are pushing developers to the edge. If you're struggling to make your numbers work, you're not alone.
In this episode of the Property Developer Podcast, we explore what’s broken in the system and what needs to change. Our guest, Maxwell Shifman from Intrapac Property, shares blunt insights from the front lines of residential property development including:
Why planning systems are paralysed by zero-risk thinking
How rising construction and infrastructure costs are crushing feasibility
The myth of affordable apartments near train stations
Why government housing targets are set up to fail
How rezoning taxes and red tape are stalling supply
The real reason developers are shelving projects across Australia
Strategies for surviving and adapting in today’s tough market
"We tax housing like we want less of it—then wonder why no one’s building."
Property Development Training
Want to learn how to manage property development with confidence?
If you're ready to take control of your development journey, check out my Property Developer Training. This step-by-step course covers everything from finding a site to running feasibilities and successfully completing a small-scale development. You'll learn how to avoid the pitfalls I’ve faced and set yourself up for success.
New Course: Building Blueprint – Navigating Construction During Turbulent Times
To help you successfully navigate the construction phase of any project, I’ve added a brand new, standalone course included with the Property Developer Training called Building Blueprint: Tactics for Navigating Construction During Turbulent Times. This course dives deep into construction contracts, common building pitfalls, and how to mitigate risks during the construction phase.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Ready to find out if you’re ready to become a developer?
Take the free Property Developer Quiz and see where you stand. Whether you're just starting or already working on projects, this quiz will help you assess your readiness and point out any gaps in your development knowledge.
Take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab Your Free Book: "Become a Million Dollar Property Developer"
Want to know how I delivered a 20-townhouse project on my first development? Grab a free copy of my book, Become a Million Dollar Property Developer, where I share the lessons I learned—and how you can apply them to your own projects.
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
Intrapac Property - https://intrapac.com.au/
Episode Transcript
Justin:
Let’s start with your background. How did you get into property development?
Maxwell:
So I’ve been in the property industry now for about 17 years. My father was a small developer in Melbourne’s Bayside area, so I was exposed to development early on. I did engineering and law at university,
Apr 30, 2025 • 1h 32min
114 – Dan Holden – Avoiding a building disaster
There are few things more complicated during a property development than the builder going bust during the construction phase of a project. It puts you in a very precarious position and becomes very tricky to navigate. So many issues have to be resolved and the whole process can be very stressful and time consuming.
This is exactly what happened with property developer and development financier Dan Holden from Holden Capital. During a construction phase his builder went bust through no fault of his project, and he had to scramble to fix it. I have also had my own issues with a builder facing difficulties during a building phase, so have some experience of what it is like to wonder if the building will ever be finished.
Given all the turmoil in the building industry over the past few years, we look at how you can protect yourself for a building disaster and set your project up for construction success.
In this episode, Dan and I discuss:
The current state of the lending market and what it means for developers
How to protect yourself from the chaos caused by a builder collapse
What to look out for in a builder’s contract (and when to step in)
How to mitigate risk during construction: warning signs, cost escalation, supply chain issues, and more
The critical role of risk management in today’s turbulent building industry
Property Development Training
Want to learn how to manage property development with confidence?
If you're ready to take control of your development journey, check out my Property Developer Training. This step-by-step course covers everything from finding a site to running feasibilities and successfully completing a small-scale development. You'll learn how to avoid the pitfalls I’ve faced and set yourself up for success.
New Course: Building Blueprint – Navigating Construction During Turbulent Times
To help you successfully navigate the construction phase of any project, I’ve added a brand new, standalone course included with the Property Developer Training called Building Blueprint: Tactics for Navigating Construction During Turbulent Times. This course dives deep into construction contracts, common building pitfalls, and how to mitigate risks during the construction phase.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Ready to find out if you’re ready to become a developer?
Take the free Property Developer Quiz and see where you stand. Whether you're just starting or already working on projects, this quiz will help you assess your readiness and point out any gaps in your development knowledge.
Take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab Your Free Book: "Become a Million Dollar Property Developer"
Want to know how I delivered a 20-townhouse project on my first development? Grab a free copy of my book, Become a Million Dollar Property Developer, where I share the lessons I learned—and how you can apply them to your own projects.
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
Holden Capital - https://www.holdencapital.com.au/
Dec 16, 2024 • 1h 7min
113 – Levelling up to luxury projects
Steve Maroun has an interesting story to share about his journey into property development. Interestingly, Steve started studying law at university while running a property maintenance business. He then realised that law was not for him and he got his builder's license and moved into property development, following in the footsteps of his father.
After completing an apartment complex project on the property next door to where he lived, he made the move into luxury, high end projects to capitalise on market opportunities. Keep an ear out for how Steve explains the difference between developing a mid-range product versus a lux finish project.
We have also discuss how to navigate through the many challenges that you face as a property developer.
Property Development Training
If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes bonus programs called Raising Capital (learn the essentials around raising cash) and Taking it to the Next Level for people who may want to go into developing full-time.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.
In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.
Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.
This book has the answers for how you can make the leap into property development. Grab your free copy now.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
LaneVick - https://www.lanevick.com/
Oct 25, 2024 • 58min
112 – Managing a property development project from another state
Managing a project remotely comes with some unique challenges. Keeping the team on the same page and working together can be difficult when you can't just drop by the site for a meeting.
Mark Gallo is a Sydney based mortgage broker who is currently doing a duplex project in Victoria. Mark shares with us how and why he ended up doing a project interstate, the lessons he has learned about managing from a distance and some finance tips for how to position your project to obtain the best funding in the current lending markets.
Property Development Training
If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes bonus programs called Raising Capital (learn the essentials around raising cash) and Taking it to the Next Level for people who may want to go into developing full-time.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.
In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.
Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.
This book has the answers for how you can make the leap into property development. Grab your free copy now.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
Simplify Finance - https://simplifyfinance.com.au
Sep 15, 2024 • 2h 1min
111 – Developing an iconic tower on billionaire’s row
Imagine going from no property development experience to delivering one of the most iconic towers overlooking Central Park in New York City, one of the world’s most expensive real estate markets. David Juracich did just that.
David is originally from Australia before moving overseas to work in banking and finance. He ended up in New York City and was involved with building an amazing slimline residential tower overlooking Central Park along what has become known as Billionaire’s Row. I thought my first project being 20 townhomes was a great start, but this guy did a huge apartment project in Brooklyn for his first development project.
His story of how he got involved with property development in New York City is quite amazing, and includes his involvement in an 84 level slimline skyscraper called Steinway Tower overlooking Central Park which apparently cost $2bn to build, yes that’s $2 billion dollars. Can you imagine the capital stack on that project?
This is quite an incredible story of a guy stumbling into large scale property developing in one of the world’s most expensive real estate markets.
Property Development Training
If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes bonus programs called Raising Capital (learn the essentials around raising cash) and Taking it to the Next Level for people who may want to go into developing full-time.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.
In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.
Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.
This book has the answers for how you can make the leap into property development. Grab your free copy now.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
JDS Developments - https://jdsdevelopment.com/portfolio
Apr 6, 2024 • 0sec
110 – Surviving the Boom to Bust Rollercoaster
Bouncing back after adversity is a story we all love, so hearing from a developer who went big only for things to unravel with costly and complex legal challenges is a fascinating insight into always striving toward your life goals.
Iwan Sunito from One Global Capital is a seasoned property developer who has enjoyed several decades of success doing some major projects under his former company Crown Group. Crown developed some significant projects over the years to the value of around $4 billion before Iwan and his business partner had a falling out, which has led to a series of legal battles and ongoing challenges, which we discuss during our conversation. Iwan says One Goal Capital has a $1 billion pipeline of work that he is focused on to continue his vision of delivering city shaping projects.
This was a really interesting chat for me because way back when I started the podcast and I was thinking about people I would like to have on the show Iwan was on the list so it was great to finally be able to sit down and speak with him, particularly in light of the challenges he is facing. I’m sure you will enjoy listing to Iwan’s story and appreciate some of the lessons he shares.
Property Development Training
If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes bonus programs called Raising Capital (learn the essentials around raising cash) and Taking it to the Next Level for people who may want to go into developing full-time.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.
In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.
Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.
This book has the answers for how you can make the leap into property development. Grab your free copy now.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
One Global Capital - https://oneglobalcapital.com.au/
Feb 27, 2024 • 1h 12min
109 – Meth Lab to Stylish Sanctuary
Tackling your first development project is usually an emotional journey and it was no different for a young architect who turned her focus on delivering an exquisite duplex property.
Jenn Sinclair accidentally discovered that she had bought a former meth lab as the property she planned on turning into a luxury home. It was the start of her journey toward becoming a property developer.
She was inspired by designing and building her family home and decided to take on a duplex project and test her skills out to see if she could successfully execute a development project.
Jenn decided to do two very different interiors and finishes on each unit and this created challenges along the way as she often doubled her choices and decision making.
Jenn invested a lot of time and emotion into her project and learnt a lot along the way which she shares with us including:
- the difference a great builder can make during a project
- trusting in yourself to deliver something special
- working collaboratively with your team to get better results
This is a great story about a young developer trying to produce something special and succeeding.
Property Development Training
If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes bonus programs called Raising Capital (learn the essentials around raising cash) and Taking it to the Next Level for people who may want to go into developing full-time.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the free Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Free book - Discover the secrets of a Million Dollar Property Developer
Grab a free copy of my popular book Become a Million Dollar Property Developer about my journey into property development at https://www.propertydevelopertraining.com/digital_book.
This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.
In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.
Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.
This book has the answers for how you can make the leap into property development. Grab your free copy now.
Social Connection
Youtube - catch up on all the episodes and my property project updates - https://www.youtube.com/@propertydeveloperpodcast196
Facebook - see what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Instagram - check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
LinkedIn - connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Links
Comma Projects - https://www.commaprojects.com.au/about

Jan 22, 2024 • 0sec
108 – Is the property market about to go BOOM?
Investment analyst Phillip Anderson discusses the 18-year real estate cycle, where we are currently, and how to maximize potential opportunities. Understanding economic trends and cycles is crucial for property developers to plan projects and increase profits. The conversation provides valuable insights for investors and developers looking to ride out market cycles and make informed decisions.

Dec 11, 2023 • 55min
107 – Navigating the construction crunch
The impact of rising construction costs and increasing interest rates has been acutely felt across the development industry and economy more broadly. Managing these costs has been top of the list for many property developers.
In this episode we speak with regular guest Dan Holden from Holden Capital about the state of the lending market and what's ahead for the next 12 months. We cover how construction delays have been affecting projects, the impact of rising costs and how lenders are responding.
Property Development Training
If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes bonus programs called Raising Capital (learn the essentials around raising cash) and Taking it to the Next Level for people who may want to go into developing full-time.
So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...
Take the Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
Discover the secrets of a Million Dollar Property Developer
Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.
In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.
Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.
This book has the answers for how you can make the leap into property development. Grab your copy now.
Social Connection
Catch up on all the episodes and my property project updates on Youtube - https://www.youtube.com/@propertydeveloperpodcast196
See what's happening on site, what I'm up to and more on Facebook – https://www.facebook.com/propertydeveloperpodcast
Check out my short videos about developing and my latest site updates on Instagram – https://www.instagram.com/property_developer_podcast/
Connect with me on LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Link
Holden Capital - https://www.holdencapital.com.au


