Two minutes with Hotondo Homes Toowoomba
The Institute’s newest Toowoomba Branch Member, Hotondo Homes Toowoomba, provides an insight into their experiences, learnings, and projects. Director and builder Steve Allan sat down for our “Two minutes with…” interview.
How did you get involved in the development industry?
As a ‘new dwelling’ builder our clients were wanting someone to manage a project from its early feasibility studies on to planning through to construction and the strata titling if necessary at the project’s end. The development of this side of the business progressed through a period of two years and involved networking with other dependable businesses in the industry and a lot of additional education for myself and my staff.
Why did you decide to become a member of UDIA Qld Toowoomba Branch?
As our main company focus is construction, I like to attend the various functions to keep up to date with a constantly changing planning and regulatory environment, and also make use of the networking opportunities.
Tell us about the latest trends in the Toowoomba development industry.
With the downturn in the bull investment market Toowoomba experienced previously over a number of years, the current investors are putting a lot more effort in the early economic feasibility studies with minimal investment, as the returns are often not as favourable as they were in the past to avoid unexpected expense in time or money. Having a good network of industry professionals helps keep this process smooth and keeps the unexpected surprises out of a project.
Where do you see the property development industry for Toowoomba in the next 10 years?
Once a few of the major infrastructure and community projects are complete in the greater Toowoomba region, I believe the jobs will follow, which in turn will feed the new dwelling demand, increasing the land demand and reducing the investment risk for property development.
Career highlight so far?
Career highlights have been recognised in the Hotondo Homes builders network as Queensland Builder of the Year 5 years in a row and National Builder of the year for 2014 and 2017. The network incudes around 80 builders from Tasmania to north Queensland so this is quite a win for Toowoomba.
What advice would you give to young professionals starting in the industry in your region?
Connect with the right people to broaden your knowledge across as many facets of the planning, development, certification, surveying, architectural, and construction industries. You can’t hope to know it all, but at least a general knowledge of other facets of the industry helps with excelling in your chosen field.