Join Charter Keck Cramer’s National Executive Director of Research, Richard Temlett, for a deep dive into Melbourne’s Build to Sell and Build to Rent apartment markets.
Date: Monday 17 March 2025
Time: 10am to 12pm (10am networking followed by 11am presentation)
Location: (new) Rydges Melbourne, 186 Exhibition Street, Melbourne VIC
TICKETS SALES OPENING SOON!
*Ticket includes morning tea and refreshments. Theatre seating.
**This event qualifies for 1x API Continuing Professional Development (CPD) point
Conditions in the Melbourne Build to Sell (BTS) and Build to Rent (BTR) apartment markets over 2024 were some of the most challenging ever recorded. The markets continue to remain badly distorted and dislocated. Ongoing uncertainty with interest rates, increasing build costs, several taxes and charges and the looming Federal Election are all significant factors. Additionally, there continue to be difficulties in raising capital or securing finance, labour concerns and overall weak sentiment. These issues mean that the markets will take much longer than previously anticipated to recalibrate and return to more normalised conditions.
Charter Keck Cramer’s industry research shows that the housing hierarchy has broken down and the gap between new and established apartments remains out of balance. Majority of apartment sub-markets cannot be activated at present given revenues, build costs and land values have not sufficiently adjusted to entice the development industry to proceed with projects. This is causing stress across several projects, which is anticipated to manifest over the course of the year with various sites coming to market or unfortunately certain stakeholders entering some form of insolvency.
On a more positive note, Charter Keck Cramer’s analysis shows that the Melbourne residential apartment market remains undervalued when compared to Sydney and Brisbane. Statistics suggest that the Melbourne market stands to enter a very strong and long cycle once it finds its way back to equilibrium. We anticipate this will start to occur over the course of the year and as the industry gets a clearer understanding of various key metrics including the outcome of the Federal Election and interest rates.
We welcome you to join Richard Temlett, National Executive Director of Research at Charter Keck Cramer as he unpacks the latest findings from the H2 2024 Melbourne State of Market Report for BTS and BTR apartments, providing crucial insights into the risks and opportunities.
Don't miss out on this opportunity to gain valuable insights and network with industry professionals. We look forward to seeing everyone there.
Registration
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Event cancellation policy
Please note that no refunds will be given to cancellations made seven (7) or less business days prior to the event as catering arrangements have already been confirmed. We are happy to accept a replacement attendee at no additional cost. To replace the original registrant with another attendee, please write to events@charterkc.com.au. All cancellations must be completed via Humanitix and applicable refunds will be applied to the original payment method nominated when completing your reservation via Humanitix.
Event terms and conditions
Charter Keck Cramer reserves the right to alter speaker/s or the program of this event. Charter Keck Cramer reserves the right to refuse entry to or remove attendees from the premises (in its sole and absolute discretion). Your registration is accepted on the basis of these conditions. Charter Keck Cramer will undertake photography and/or video at this event. These images and footage may be used by Charter Keck Cramer in future promotions that include but are not limited to website, direct mail, marketing collateral, email, sales documents and other uses by Charter Keck Cramer. Should a registered participant seek to be excluded from such future uses of images, please write to events@charterkc.com.au. Charter Keck Cramer will also send you a separate email seeking your permission to store your information in the Charter Keck Cramer database. This information will only be used to communicate Charter Keck Cramer news, insights, podcast updates and to invite you to future events.
