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OtherMarisa WikramanayakeThu 11 Apr 24

[+] Childcare’s Lure Grows as Residential Loses Lustre

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As economic conditions, labour and material costs, and housing affordability woes make it increasingly hard to get residential projects to stack up, developers are looking elsewhere for a glimmer of hope.

According to CBRE Australian healthcare and social infrastructure director Jimmy Tat, childcare offers just such hope. 

There is a substantial number of developers who bought a site for a residential project, Tat says, and have realised it is not going to stack up.

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OtherRetailResidentialOfficeInfrastructureHealthcareEducationChildcareAustraliaFinanceDeal
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Marisa Wikramanayake
The Urban Developer
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Article originally posted at: https://www.theurbandeveloper.com/articles/childcare-investment-rises-development