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Construction industry woes of soaring building and borrowing costs turned developers off build-to-sell apartments. But they’re making a comeback.
“While some view it as a volatile market and trickier to navigate, our 25 years of experience have seen us through many property cycles and difficult times. We have great relationships with reputable, quality construction partners and are confident in where things are heading,” he explained.
The opportunity, if it can be seized, is the chance to address the chronic shortage of social and affordable housing.
The developer said its $260 million mixed-use residential project in Melbourne jumped 12 per cent in cost between builder appointments.
A POPULAR community centre in Malvern held a special event marking 10 years since it was saved.