Join Richard Temlett, Director Research & Strategy at Charter Keck Cramer as he takes a deep dive into Melbourne’s apartment market.
Over the last 7 years the Melbourne apartment market has faced numerous challenges including several increases in taxes and charges; changes to developer and investor lending practices; the substantial decrease of overseas and local investors; changes in planning controls and design standards; as well as building defects and cladding issues. More recently the apartment market has endured the loss of renters due to COVID-19 and now must overcome major construction cost increases.
This has been occurring during a period where apartment living, as well as longer-term renting, has been increasing, embraced by many segments of the purchaser and renter markets. These structural changes have become entrenched and are now anticipated to become even more pronounced over the next decade as the apartment market continues to mature.
Richard will unpack Charter Keck Cramer’s H1-2022 figures from our National BTS (Build to Sell) and BTR (Build to Rent) Apartment Database as well as the recently released ABS 2021 Census. These figures will be blended with insights from what we see on the ground with our developer, financer, and builder clients.
Key issues to be explored will include:
-Apartment launches, construction commencements and completions
-Movement in prices, vacancy rates and weekly rents
-The maturity of both the BTS and BTR apartment markets in Australian cities and how these compare with various international cities across the world
-The opportunities and risks for the BTS and BTR sectors in the short, medium and longer term
WHEN: Tuesday 6 September 2022
TIME: 11.30am – 1pm
LOCATION: Collins Square, The Events Centre – 727 Collins Street, Docklands (Tower 2, Level 5)
TICKET PRICE: $95 per person (finger food and refreshments included)
HOST: Charter Keck Cramer
We look forward to having you join!
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