Property Development Management And Feasibility Software And Tools Reviews for 2023

A plethora of property development aids exist to help facilitate, streamline and enhance day-to-day property feasibility and management tasks.

These aren’t just limited to software however. Easily accessible online based services and the proliferation of AI property tools are making a big impact in the property industry for developers.

With new options continuing to emerge, it can be hard to know which are worthwhile and suitable for your needs, so we have created a helpful review of ten of the best in property development software, tools and services below:

Here’s a look at 10 of our Favourite Property Development, Management & Feasibility Software, Tools & Services

1. Property Development Feasibility Study

This Property Development Feasibility Software app (developed by Lead Developer Feaso) lets developers perform in-depth feasibility analysis – without the complicated financials.

Just fill in the Input Sheets and the app can provide a range of data insights, taking into account items like land costs, sales, legal fees, standard construction, impact site location and so on.

You can simulate the profit, development margin, ROI, benchmark costs, equity contribution and much more with this single app.

Highlights:

Uncomplicates important calculations

Detailed cash flow and model contingency scenarios

Easily downloaded, simple to use

2. Tandem

Tandem is an architectural and property development software tool that uses “Digital Twin” technology – the latest evolution in Building Information Modelling.

The “digital twin” represents an intuitive replica to help maximise a property investment and achieve build goals (such as sustainability, etc).

The models use real-time data to monitor the entire project lifecycle and although it can be used at any stage of a project, it is especially beneficial when adopted at the start.

Highlights:

Transform and improve processes

Enhance the build asset lifecycle for all kinds of structures and buildings

Reduce risks, breaks down silos and manages and decreases overall costs

3. Aprao

Specifically designed with the finance side of property development in mind, Aprao is a property development feasibility software that helps increase accuracy, consistency and efficiency for faster, better results.

This includes the financial feasibility of a property via automating cash flows, cost sensitivity reports and more.

Better yet, Aparo knows you won’t always be in the office so you can use this flexible property development software tool on any device, from anywhere with an internet connection.

Highlights:

Better development appraisals

Minimise risk and increase efficiency for every project

Helps drive faster, smarter property business decisions

4. Caseview

Caseview helps simplify the legal side of property developing in Australia. You can use this free website service to search for property-related decisions of courts and tribunals for your potential property investment.

This is a great aid when you need to know the status of a legal case pertaining to a particular property/building. Our favourite feature is the innovative map-based interface which helps users identify decisions that may affect the local area.

Highlights:

Connect online for legal resources

Avoids legal issues in your property context

Innovative map interface

5. ProofHub

Great project management software is key to more efficient, effective property development outcomes, and ProofHub allows users to easily manage many different moving parts of a project.

You can collaborate, share and streamline key data and communication with different teams, and stakeholders, create workflows, schedule everyday tasks, track sites, manage risk and much more.

It’s an ideal way to collaborate with multiple individuals in real-time – both internal and external consultants (like architects, designers and contractors) as needed whilst staying on top of deadlines.

Highlights:

All-in-one tool for control over projects

Enhances efficiencies and saves time by keeping conversations organised, focused and on topic

Customisable and personalised options for improved usage

6. Argus EstateMaster

This is the next level up in terms of feasibility software developed especially for property developers.

It uses an industry-recognised framework (with a familiar interface) that allows you to forecast the feasibility of a project using a discounted cash flow analysis.

Appraise opportunities, calculate residual land values, run sensitivity analysis, quantify development risk by testing changes in variables (like construction costs and duration, interest rates, etc.) and more with ease.

You will also be able to compare multiple development scenarios side by side and segregate stages of a project. Nothing is left unchecked with Argus EstateMaster, which makes it an ideal property development feasibility software tool.

Highlights:

Conduct development feasibility and appraisals

Run sensitivity tests and probability analysis

Determine the highest and best use

7. Real Estate Investar

RE Investar is an all-in-one online platform that helps you find and analyse subdivision and development opportunities in the Australian market.

It has a key focus on profitable and underdeveloped, discounted, cash flow, capital growth and sub-dividable properties so you can find and maximise your ROI.

The database has hundreds of thousands of potential properties nationally, and provides key metrics for each with the click of a button.

Highlights:

Customise and personalise results by adding your own “buying rules” criteria

See key investment criteria for each property instantly

Forecast the financial performance of any property using 10-year cash flow and capital growth forecasts

8. Autodesk BIM Collaborate

This property developer project management software is designed to reduce miscommunications and delays throughout the property/build project lifecycle.

It helps to maximise the value of assets, time and money by increasing visibility among project collaborators. This in turn provides improved insights which leads to better investments while staying connected in a data environment hosted in the cloud.

BIM Collaborate is ideal for managing costs, reducing waste and driving efficiency in building projects.

Highlights:

Teams, workflows and insights all in one place

Use model visuals, flexible workflows, automated analysis tools and more

Centralises data to see the full picture and securely track progress and deliver on time

9. Forma

Forma is an AI-powered design tool best suited to architects and hands-on planners and developers who want to test, evaluate and optimise building concept options against a range of customisable factors and criteria. Oh, and it does this in just seconds!

Forma takes into consideration the site and its surroundings (such as conditions like daylight potential, sunlight, wind, noise and more).

The result is the confidence and ability to make more informed decisions about which designs will offer the best ROI, impact, be the most sustainable, and so on.

Highlights:

Better decision support via real-time, predictive analytics

Enhanced, data-driven insights improve build project outcomes

Share projects via the cloud with any team/project members

10. Landchecker

Simply and quickly perform searches for on-market or off-market properties to identify key insights, such as; heritage overlays, flood zones, property boundaries, site dimensions, zoning maps, planning permit applications, property titles, sales history data and more.

There’s no need to visit the site location to accurately measure distances – you can use Landchecker’s measuring and drawing Map View tool.

You can also analyse high-resolution aerial, satellite imagery and geospatial data for a “full-picture” view that reveals how potential development site locations/suburbs are changing over time.

Highlights:

A centralised service that offers readily accessible, accurate and consolidated property insights in just a few clicks

Identify potential constraints & opportunities early to optimise and inform overall property decisions

Quick, streamlined and centralised searches and immediate data downloads

Next Steps:

Sign up for free today to discover more at app.landchecker.com.au/join