In this episode of Precisely Property, we dive into one of the most pressing challenges facing the housing sector today: the rising cost of delivering new homes. Our guest, Steve Sfendourakis, an experienced builder and developer, unpacks what’s driving the delivery cost crisis across 2024 and into 2025, from material price volatility and labour shortages to the impact of outdated planning systems and regulatory pressures. We reflect on how conditions in the development industry have shifted over the past decade and explore what needs to change to restore viability in the sector. The conversation also touches on the key risks facing developers in 2025, while identifying areas of opportunity for those prepared to adapt and innovate.
Steve Sfendourakis is the Co-Founder and Managing Director of Stemcon, a building and property development company known for delivering multi-unit residential and mixed-use projects across Victoria. A registered Unlimited Domestic and Commercial Building Practitioner, Steve brings over 25 years of industry experience to the conversation. His background in civil engineering and architectural design gives him a well-rounded perspective on the complexities of property development. Since founding Stemcon in 2008, Steve has led with a focus on quality, innovation and a client-first approach, building on a proud family legacy in the construction industry.
Tune in for practical insight on navigating the cost of housing delivery crisis and what it means for the year ahead.
Get in touch with Steve - steve@stemcon.com.au
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This podcast is for educational purposes only and should not be considered investment or financial advice. This podcast is not intended to replace or supplement professional investment, financial or legal advice. Please seek professional advice based upon your personal circumstances. The views expressed by our podcast guests may not represent those of Charter Keck Cramer. This podcast may not be copied, reproduced, republished or posted in whole or in part without the prior written consent of Charter Keck Cramer.
