Greenfield developers are taking a glass-half-full approach to the demands in the sector, according to leading industry figures.
“How many businesses in the world can say we have an excess number of buyers for our product, to the point where we cannot meet the market?” Legacy Property chief executive officer Matthew Hyder told The Urban Developer Sydney Residential Development Summit this month.
“Yes, it’s cyclical. Of course approvals are a nightmare in New South Wales. But if you’re a long-term developer and you have resilience and you’re well capitalised, I just cannot think of a better way to spend your time at the office.”
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