Property Development

Co-authored with Sara Wilkinson

This book is about the processes involved in the development of commercial property.  Incorporating global relevance although largely focussed on UK practices, it is directly relevant to practitioners and developers in all developed countries. The text takes the reader strategically through the different stages of development from inception and site selection to letting and managing or sale. New chapters focus on the sustainability issue affecting the industry and also global and international practices. Chapters feature a series of reflective questions to stimulate the reader to artioculate their learning and also illustrative case studies.

Cadman’s Property Development has traditionally been accepted as the standard textbook on the commercial property development process in the UK and globally.  With this new edition the book is brought completely up-to-date for a new generation of readers. Accessible to students of all disciplines within the built environment, the book is geared directly towards students of property development at undergraduate or graduate levels. It provides a clear and practical overview of the property development process, together with critical analysis of the key issues faced by property professionals today.

The fifth edition retains the established structure of previous editions by focusing on land acquisition, development appraisal, finance, planning, construction, market research and promotion. In addition to reflect changes in practice, there is also new material on the environmental impacts of property development, a new chapter on sustainable property development and a new chapter about the growth of international property development. Excellent case studies, which are enhanced by discussion questions, illustrate the process at work. This fully revised and updated edition of a classic text for all Property Development students will also be of interest to early career professionals and those pursuing a professional degree in the industry.

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A Greener House

Co-authored with Sara Wilkinson

Can we still afford to be green?

Although sustainability is in the media everyday, why aren’t we more sustainable? 

The underlying reason is that the business case for sustainability is a problem for many people.  Being sustainable is nice but many people refuse to actually pay money to be sustainable.  It is clear that the actual financial cost of really becoming  sustainable is the main barrier.

But what if you could be sustainable and it doesn’t cost any more? (or better still you actually make money!!)

Richard Reed and Sara Wilkinson say that by making your house green you don’t need to lose money – in fact you’ll can increase the value of your home at the same time. As green living becomes increasingly important in our day-to-day lives (for example, can you afford ‘not to be green’?), Wilkinson and Reed suggest that by going green with your biggest investment (your house) you’ll also benefit financially.

From installing solar panels through to a room-by-room description of how you can make each space ‘green’ A Greener House has everything for the home owner, renter or investor.  Finally a detailed book is available that successfully fills the gap between sustainability and investment for residential property.

Valuation of Real Estate

Australian edition of The Appraisal of Real Estate (12th edition)

The Valuation of Real Estate, 1st edition, primarily focuses on the fundamentals of property and real estate to provide a solid foundation on which to build a broad and substantial understanding of property valuation.  The information in this 480 page text is relevant to a broad range of stakeholders in the property industry ranging from students, professionals employed in the property market, financiers, market analysts and practically anyone who has an interest in understanding the real estate market and how to undertake valuations.  There is substantial emphasis placed on market analysis, highest and best use analysis, as well as a straightforward and rigorous explanation of the cost approach which stresses the estimation of depreciation from market data.  In addition, there are separate chapters on the theory, techniques and application of the direct comparison approach with a full index listed below. 

Chapters are comprised of the following;

1 Real Property and Its Valuation
2 The Nature of Value
3 Foundations of Value
4 The Valuation Process
5 Data Collection
6 Market Areas, Neighbourhoods and Submarkets
7 Land or Site Analysis
8 Improvement Analysis
9 Market Analysis
10 Highest and Best Use Analysis
11 Land or Site Valuation
12 The Cost Approach
13 Construction Cost Estimates
14 Depreciation Estimates
15 The Sales Comparison Approach
16 Adjustment and Analytical Techniques in the Sales Comparison Approach
17 Applications of the Direct Comparison Approach
18 The Income Capitalisation Approach
19 Income and Expense Analysis
20 Direct Capitalisation
21 Yield Capitalisation – Theory and Basic Applications
22 Discounted Cash Flow Analysis and Special Applications in Income Analysis
23 Reconciling Value
24 The Valuation Report
25 Valuation Specialities and Emerging Issues

Reverse Mortgages

Front cover

* How a reverse mortgage works
* Deciding if a reverse mortgage is right for you
* Planning for retirement
* Advantages and disadvantages of a reverse mortgage



Back cover

Many retirees find themselves in the difficult situation of being ‘asset rich and cash poor’. Their reduced income in retirement is not enough to maintain a comfortable, worry-free lifestyle, while a significant part of their wealth is locked up in the family home.

A reverse mortgage can solve this problem, allowing elderly homeowners to access the equity in their house in the form of a loan, with the house provided as security. Cash can be provided immediately, and can be used for any purpose. There are no repayments until the house is sold, and the homeowner maintains full ownership of the property at all times.

In this thorough examination, Richard Reed covers:
* The property market in Australia
* The development of reverse mortgages, and why they are rapidly becoming more popular
* Factors to consider when deciding if a reverse mortgage is right for you
* Reverse mortgages currently on offer
* Lessons learned from the success of reverse mortgages overseas

There is also an appendix containing frequently asked questions.

If you or members of your family are approaching retirement or are recently retired, a reverse mortgage is a low-risk, low-stress way to a more comfortable lifestyle.