Rookie mistakes from the archive

Bob's own rookie mistake

Skipping the right structure and accountant

Commercial broker, not your home loan broker

The research mistake when choosing your patch

Never gamble on due diligence at auction

The feasibility check that stopped a bad deal

Too much time or too little?

Choosing a builder on more than price

Designing for yourself, not the market

Where emotion costs you money

Bob's mistakes choosing consultants

Where to find the full episodes

After more than 277 episodes, the same questions keep coming up. So this episode is a little bit different. Hilary asks the questions new developers ask us most, and you hear Bob's answers straight from the archive episodes they came from.

Bob's own rookie mistake: thinking the market never changes, then spending two years working his way out of a Gold Coast project. Building a spec house in your own name, paying more income tax than you needed to and missing the GST. Why you talk to a commercial finance broker, not your home loan broker, before you look at a single site. The research mistake people make when they choose their patch, and why you never gamble on due diligence at an auction. A nine-townhouse deal that could never have made money, caught with one feasibility check. Why most people allow too little time. Choosing a builder on more than price. A farmer whose 20 townhouses were designed for how he wanted to live, not for the buyers. Where emotion sneaks in and costs you money. And what Bob got wrong choosing consultants in his early days.

The takeaway: most rookie mistakes are made before you even buy, and almost all of them can be avoided.

The full episodes behind these answers:

Episode 134: Bob Andersen's Biggest Property Development Regrets

Episode 255: GST Margin Scheme vs Going Concern: GST Mistakes That Nuke Your Profit

Episode 197: Rookie Property Developer Mistakes To Avoid

Episode 108: Common Mistakes Newbies Make In Property Development

Episode 69: Common Mistakes People Make In Property Development

Episode 116: How Not To Sabotage Your Feasibility

Episode 188: Property Development Market Research Made Easy

Episode 241: The Feasibility Lies Developers Tell Themselves

Free Profit with Property Development Masterclass, Saturday 21 November 2026, 9am to 1pm AEDT, live on Zoom: https://www.propertymastermind.com.au/events/profit-with-property-development-masterclass/ 

To book a call with us, click here: https://link.propertymastermind.com.au/book-a-call 

Hosted by Bob Andersen and Hilary Saxton of Property Mastermind.

After more than 277 episodes, the same questions keep coming up. So this episode is a little bit different. Hilary asks the questions new developers ask us most, and you hear Bob's answers straight from the archive episodes they came from.
Bob's own rookie mistake: thinking the market never changes, then spending two years working his way out of a Gold Coast project. Building a spec house in your own name, paying more income tax than you needed to and missing the GST. Why you talk to a commercial finance broker, not your home loan broker, before you look at a single site. The research mistake people make when they choose their patch, and why you never gamble on due diligence at an auction. A nine-townhouse deal that could never have made money, caught with one feasibility check. Why most people allow too little time. Choosing a builder on more than price. A farmer whose 20 townhouses were designed for how he wanted to live, not for the buyers. Where emotion sneaks in and costs you money. And what Bob got wrong choosing consultants in his early days.
The takeaway: most rookie mistakes are made before you even buy, and almost all of them can be avoided.
The full episodes behind these answers:
Episode 134: Bob Andersen's Biggest Property Development Regrets
Episode 255: GST Margin Scheme vs Going Concern: GST Mistakes That Nuke Your Profit
Episode 197: Rookie Property Developer Mistakes To Avoid
Episode 108: Common Mistakes Newbies Make In Property Development
Episode 69: Common Mistakes People Make In Property Development
Episode 116: How Not To Sabotage Your Feasibility
Episode 188: Property Development Market Research Made Easy
Episode 241: The Feasibility Lies Developers Tell Themselves
Free Profit with Property Development Masterclass, Saturday 21 November 2026, 9am to 1pm AEDT, live on Zoom: https://www.propertymastermind.com.au/events/profit-with-property-development-masterclass/&nbsp;
To book a call with us, click here: https://link.propertymastermind.com.au/book-a-call&nbsp;
Hosted by Bob Andersen and Hilary Saxton of Property Mastermind.

Want to sky-rocket your property development career? Bob Andersen & Hilary Saxton are here to add value to your property journey, whether it be through high-quality education, guidance, and accountability. Stay tuned for weekly episodes!

Want to sky-rocket your property development career? Bob Andersen &amp; Hilary Saxton are here to add value to your property journey, whether it be through high-quality education, guidance, and accountability. Stay tuned for weekly episodes!

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