Melbourne Apartment Market Update & Outlook | March 2025

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

*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
Charter Keck Cramer does not offer refunds or exchanges because of a change of mind or a change in personal circumstances within seven (7) business days of the date of the event. Charter Keck Cramer will accept a transfer of the ticket within seven (7) days of the event at no additional cost to an alternative event attendee. 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. If an event is cancelled, rescheduled or significantly relocated by Charter Keck Cramer, all liability is limited to the amount for which the ticket was purchased (including any fees or charges unless otherwise notified at time of purchase). Proof of purchase may be required for any refund or exchange. Unless required by law (including the Australian Consumer Law), Charter Keck Cramer will not be liable for any other losses incurred by you as a result of the cancellation, rescheduling or relocation of an event, including any travel and accommodation expenses incurred by you. 

Event terms and conditions
Charter Keck Cramer reserves the right to vary ticket prices, seating arrangements and capacity, add, withdraw, or reschedule programs and presenters. 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 may undertake photography and/or video at this event. By attending the event, you and each attendee in your group acknowledge and agree that you each may be filmed and/or recorded and you each give permission to Charter Keck Cramer to use your image, likeness and voice obtained at the event in all media throughout the world for any purpose and without any compensation. Should a registered participant wish to be excluded from such future uses, please write to events@charterkc.com.au. Charter Keck Cramer may also contact you separately seeking your permission to store your information, limited to full name and contact details, in the Charter Keck Cramer marketing communication database. This information will only be used for the purpose of contacting you regarding news, insights, podcast news and other marketing communications including invitations to future events. You are able to opt out of receiving these communications at any time by emailing events@charterkc.com.au, you are also able to update your contact details or email preferences by emailing events@charterkc.com.au.