Built-to-rent was almost the only game in town in 2023 as large-scale build-to-sell projects fell by the wayside with construction costs and interest rate rises biting hard.
But there could be a reassessment in 2024 as the demand for housing intensifies on the back of increased immigration balancing out the net negative numbers Australia experienced during the pandemic.
Head of sales and marketing at Melbourne’s Sunkin Property Group Scott Jessop says that the time is right to refocus on large-scale build-to-sell projects.
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