EP: 2472•18 Jun 2026

They Thought This Deal Would Make Money⎟Ep. 2472

About this episode

Property development looks simple on paper: Buy a site. Build a few townhouses. Make a profit. But once you run the numbers, the reality can look very different.

In this episode, Ed and Andrew break down the real cost of developing property in New Zealand.

You'll learn:

What you must calculate before buying a development site
How a development can lose more than $400k despite looking profitable at first
The 4 costs first-time developers usually forget to include

The surprising part? The biggest mistake isn't overpaying for the land. It's getting excited about the potential profit before you've worked through the numbers.

Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.

Ok, now for the legal bit:

The Property Academy Podcast is for your general information. It’s not financial advice.

So the hosts aren’t telling you what to do with your own money. We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong.

Make sure you do your own research or talk to a financial adviser before making any investment decisions.

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Book a meeting⁠⁠⁠ to start your path to financial freedom with a detailed financial plan for $0.
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Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
5 Reasons Not To Invest In NZ Property In 2026⎟Ep. 2468

They Thought This Deal Would Make Money⎟Ep. 2472

About this episode

The Co-Ownership Problem Nobody Sees Coming⎟Ep. 2471

Should We Cut and Run A Retirement Property Dilemma⎟Ep. 2470

The Bank Said No ... They Got The Deal Done⎟Ep. 2469

5 Reasons Not To Invest In NZ Property In 2026⎟Ep. 2468