In Partnership With Mitchell Brandtman
With less than a third of approved apartments making it through to completion nationally, Australia is caught in a feasibilty crunch as the nation cries out for housing.
Urbis partner David Cresp says that across the cities his company monitors (Sydney, Melbourne, Brisbane, Perth and the Gold Coast), just 26 per cent of the apartments that secured planning approval since the start of 2020 had started construction by the end of 2025.
“This varies across the cities but is below 30 per cent in every city,” he says.
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