Latest / Property Mastermind Podcast with Bob Andersen & Hilary Saxton
Can ChatGPT do your Property Development Feasibility? (We tested it live!) | EP 270
Can AI do a property development feasibility for you? Hilary Saxton and Aaron Ralph put the newest ChatGPT model to the test, live on screen. They hand it a real duplex site they have already developed with some of their students and sold and ask it to work out whether the deal stacks up. The actual result on that project was a $604,000 profit at 16% return on cost (ROC).
ChatGPT researched, produced spreadsheets, and came back very confidently with a $125,000 loss. Even after Aaron gave it the 3 biggest numbers in the feasibility, the land, the construction cost and the gross realisation…
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