The aftermath of the Australian property boom is subsiding and fresh growth is expected within the next few years, allowing us to take advantage of the property market.
Apartment Shortfall Predicted in 2021
“A slump in new apartments being marketed means the country faces a shortage of apartments in about 18 months’ time, when the current new supply and outstanding stock has been absorbed and there is as yet no pipeline churning out new dwellings, JLL says.
The total number of new apartments currently being marketed has dropped 72 per cent from the national peak of 34,488 in the third quarter of 2017 to just 9565, the commercial real estate agency’s 3Q 2019 Apartment Market Reports show.
The volume of apartments being marketed has nearly halved over the past 12 months.
‘‘The timing of this process will be slightly different in each market due to all having slightly different construction cycles, but by mid-2021 we expect all the major markets to be either back in, or very close to, a position of undersupply again,’’ said Leigh Warner, JLL’s head of residential research for Australia.“
Source: Michael Bleby, Australian Financial Review
New Development Applications
It is an opportune time to take advantage of the property market by identifying new property development projects, located in Sydney, Melbourne, Brisbane and lodging new development applications, ready for the next real estate market upswing.
Residual Stock Clean Out
Residual stock left over from the Australian property boom should be either sold down or reallocated to a long term hold within the next few years.
The hangover due to the property boom’s end and the Bank property development credit squeeze it is expected construction will slow due to the restriction in the market.
Take Advantage of the Property Market
Take advantage of the property market now by partnering with Elysium Habitats in Sydney, Melbourne & Brisbane. The Director’s 30 years of experience in successful property development projects and development finance, insures a high probability of success.
Please see our past projects here Elysium Habitats past projects
Call us today and speak directly with Brett Collins on 02 8211 0412 or complete the inquiry form below.