Property Developer Podcast
Property Developer Podcast
Justin Gehde
61 – The value in developing iconic buildings
1 hour 6 minutes Posted Oct 2, 2019 at 12:34 pm.
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Would you like to go from a simple suburban duplex to iconic building developer? Making thousands of mistakes along the way but persisting and breaking through the 'development ceiling'?



Shane Wilkinson is the founder and managing director of Melbourne’s Pace Development Group. He has been developing property since he was 19, and has so far done more than 100 projects.



Over 21 years, Pace has delivered more than 2,000 homes and more than $2 billion dollars’ worth of real estate, including one of Melbourne’s most recognisable buildings, the Icon overlooking St Kilda Junction.




"I've made thousands of mistakes over the years. Thousands!" Shane Wilkinson




The company has four projects currently under construction, three settling later this year and a further 1,758 apartments in its pipeline.









It’s a long way from Shane’s humble beginnings doing a simple duplex project in suburban Melbourne.



We have a great conversation covering a host of topics including what Shane has learnt along the way, the biggest pickle he has found himself in and the one thing you need to focus on if you want to succeed in property developing. Also keep an ear out for Shane’s advice for how to deal with problems.



This is a broad discussion which I’m sure you will enjoy.
Property Developer Training
If you are keen to get started today in learning about the property development process and what you need to do at each step, then jump into the Property Developer Training course (www.propertydevelopertraining.com). This is the program that Justin has put together to help you get quickly started in property developing.
Complete the course at your own pace and in your own time, and learn the tips, trips and techniques that Justin has used in all his projects. Find out more at www.propertydevelopertraining.com
 
Property Developer Quiz
Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (www.propertydevelopertraining.com/quiz) and get a sense of where you are at…
 



Lessons for real estate developers



This is another cracking conversation with a guy who has gone all in on his developing career. Here’s a couple of things I took out of that chat:



1. If you really want to succeed as a property developer you need to go all in



Shane made it clear that he has gone all in with his developing, and in his view that is what you need to do if you really want to succeed. He has slowly built up the business from humble beginnings and has broken the ceiling that he spoke about, and now his company has the balance sheet to take on big projects. So how much are you prepared to go all in?



2. Deal with problems straight away



I like how Shane was really clear that the best way to deal with problems is to tackle them straight away.