Property Accountants

How do you start your property development journey?

Budding property developers seem to have an overview of the process and just want an accessible and simple way – perhaps because of the slow growth market. However, here’s some of the basics of property development you need to know – comprehensive and no shortcuts.

Property developers save money, make money, get better rental returns, obtain easier finance and achieve great tax benefits if they get things right. The project could cost 20% below market value, so you could make large profits, pay the mortgage, and borrow 80% of the property value for better leverage. This might allow you to acquire high performing properties at wholesale price and build your property portfolio safer and faster than the average property investor.

To be a successful property developer, you need patience, ambition, and knowledge. Commit on your equity, talent, and expertise to convert land to a higher and better use. You must educate yourself on property markets, finance, economics, town planning, construction, and marketing. Some of these you can learn through research but some can only be learned along the way.

Who should you be connected with?

          Real estate agents to buy property from – not to rely on advice on property development!

          Finance strategists to get you development finance, which is completely different to investment finance

          Accountants to assist you with ownership structures

          Lawyers to help with contracts

          Urban designers and town planners

          Architects, draftsmen, designers

          Civil, traffic, structural, environmental engineers

          Building contractors

          Marketing specialists

          Development managers

          Project managers

          Construction managers

          Quantity surveyors

          Property strategists to help with research, location, and contract negotiations. They will help maximise investment returns.

Look into the cost of the project and its profitability to determine whether you can make a worthwhile profit if you undertake this development. We recommend you to undergo a finance pre-approval before starting.

Create a concept and determine its feasibility. Different councils have different guidelines and you need to understand town planning principles and how councils interpret these before you buy land. Ask what property you can put on the land, how many units, how big will they big, what restrictions, easements or covenants are there. Know your market and find the best location site. Prime locations might cost 15-20% more but you can receive greater profit margins.

Some of the most important things to consider before buying a property for development are:

          Purchase price, date, settlement, and fees

          The project equity to determine the size of the required borrowings and interest payable

          Legal and conveyancing costs

          Consultants’ costs

          Construction costs


          Contingency amount

          Income from sales and rentals


Property accounting services

Ensuring your business is compliant with all tax laws can be like navigating a mine field. You need an accountant who is an expert in property and can take the stress out of the tax compliance side of your business.

We'll provide you with specialised tax advice tailored to your business, along with all the tools and resources you need to help you take that next step forward.

We’ll be with you every step of the way:


Whether your business focuses on property development, residential rentals, commercial rentals or all of the above, we can help you save time, use smarter tools, and grow your business.


- Get insights into your revenue, equity, overheads and cash flow, and how you can better manage these


- Provide you with reliable tax advice, accounting and business advisory to ensure you reach your business goals


- Tips and tricks relating to project management for property


- Ensuring you're compliant with all relevant tax laws in your industry

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Tom Naylor


Tom has built a wealth of knowledge around the best in’s and out’s of property dealings and has a keen eye for promising start-up businesses.

Like building a great sandwich, Tom also knows how best to structure ventures to extract maximum returns while minimising risk exposure.

Away from the desk, hockey, tennis, squash and, as mentioned above, anything that can be consumed, dominate this man’s life.



Andy Garvy
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The team at outside are a dedicated bunch. They go above and beyond in every situation and provide so much more than your standard tax accounting. They have developed process maps, management reports, managed our invoicing, payables and pretty much taken care of every part of our business when we have needed it. They are a big part of our business and will continue to be moving forward.
Matt Holton
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A great team - striking the right balance between professional, knowledgable accountants while being fun and personable to deal with. Always quick to respond. Harri has prepared my end of year statements and GST returns. I'm based in Auckland and have managed to snag a spot at the "co-working desk" in their office a couple of times while I'm down in Wellington.
Sarah Ny
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These guys are not the typical accountants. We engaged with Outside originally for our small business accounting needs, but over the years they have provided invaluable services above and beyond. We have grown as a business and Outside worked alongside us the entire time, supporting us with expert and professional advice throughout our journey. They are an awesome bunch, so easy to get along with, they break everything down into regular speak and no question is too dumb to ask. Their door is always open, everyone is super welcoming and they make a mean coffee.
Joel Bouzaid
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Incredible team, great leadership and everything you need.
Campbell Paton
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Gus and the team at outside accounting are the best in the business. Top notch advice, always willing to go above and beyond and seriously good people to go with it. Would highly recommend!
Congress Rental New Zealand
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Congress Rental have been working with Outside Accounting for over 1 year and I can honestly say it's been perfect. I work closely with Harriet and her friendliness and professionalism makes it a pleasure getting our accounting needs sorted. Not having to worry about if our accounting gets done is pressure off our business. Harriet breaks everything down into regular terms and nothing asked is a dumb question making learning alot quicker and easier. Not your typical place for accounting as it's a great environment, friendly and things get done in a very high quality manner. Very refreshing. Highly recommended. Many thanks to Harriet and the team. Liam. Managing Director Congress Rental New Zealand Ltd
Fraser Kingi
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Awesome motivated Accounting company. Very professional, Very easy to deal with, Very proactive! Thanks Outside Accounting for making that part of our business stress free.
Stephen Rickard
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Cam, Harriet and the team at Outside Accounting go above and beyond to make the accounting side of our business stress free. They genuinely care about our business and our success. We get all questions big and small answered promptly and receive detailed progress reports and recommendations, along with face to face meetings. We highly recommend Outside Accounting.
MX Hockey
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Harri and the team team at Outside are top notch. Happy to go above and beyond to look after us, and provide great advice. Highly recommend.
Lana Gibson
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Outside Accounting are friendly, professional, and are always quick to answer my questions. Great local team.
Tavita Isaac
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Cam (Hamish Carter jr) and the team from Outside Accounting have been a game changer for us and our businesses since joining up with them two years ago. Young, enthusiastic and on the ball 🙌 🙌 🙌
Nick Barrett
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Outside Accounting, and specifically Cam is a pleasure to deal with. Extremely knowledgeable; they go above and beyond. Highly recommend.

Property Development Advice

Optimised Tax Structure

Capital Gains Tax


Due Diligence

Ongoing Accounting