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Key Contacts
  • Michelle Ciesielski

    Partner Residential Research
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Residential Research

Residential Development Series

Michelle has just released the Residential Development series for H1 2019 which provides a review of key development drivers for high-density apartment projects across Sydney, Melbourne, Perth, Brisbane and the Gold Coast. They particularly look at the property values, development drivers and the outlook for the next year.
It’s now a year since the Commonwealth Games were held on the Gold Coast leaving a legacy of world-class sporting facilities and amenities, supplemented by a solid pipeline of new apartments. We look at the key development drivers for the Gold Coast market over the coming year:
  • High-density is still the preferred type of development site being purchased on the Gold Coast, for many, these sites create potential vantage points for beach and river views—popular with the downsizing population which are currently dominating apartment sales on the Gold Coast.
  • Along the Gold Coast Highway, vibrant regenerated precincts continue to spread south, and many property owners are now considering banding together for collective site sales opportunities—either vertically, with older walk-up flats, or horizontally, to form a super-lot of two or three allotments.
  • Funding remains challenging for most developers and as a result, almost 2,100 Gold Coast apartments which went to market off-the-plan, now on-hold, are likely to be completed beyond 2022.
  • The traditionally low residential vacancy on the Gold Coast has been recently challenged with pockets of new apartment completions, although is still below 3%.
To understand more about the high-density apartment projects in these locations please click on the below.

Latest Residential Development Series