The last six months have remained very challenging from a development standpoint in the Melbourne Build to Sell (BTS) and Build to Rent (BTR) apartment markets. The markets remain both distorted and dislocated. Ongoing uncertainty with interest rates, increasing build costs, and lack of incentives are significant factors. Additionally, there are difficulties in raising capital or securing finance, growing 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.

Importantly, our analysis shows that the Melbourne residential apartment market remains undervalued when compared to Sydney and Brisbane. Many of the statistics suggest that the Melbourne market stands to enter a very strong and long cycle once it finds its way back to equilibrium.

Our development industry research and investigations also illustrate that not all sub-markets are equal and there are in fact green shoots emerging in the BTS space with higher revenues being achieved across several projects. We are also aware that several developers and financiers are looking further into the market cycle with intentions to launch BTS projects and commence construction on BTR projects. This activity is planned for the back end of this year or early next year with a goal is to get ahead of the competition over the next cycle.

We welcome you to join Richard Temlett from Charter Keck Cramer as he unpacks the latest findings from the H1 2024 Melbourne State of Market Report for Build to Sell (BTS) and Build to Rent (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.

Date: Monday 16 September 2024
Time: 10am to 12pm (10am networking followed by 11am presentation)
Location: Zinc at Federation Square, Corner Princes Walk & Russell Street Extension, Melbourne VIC

*Ticket includes morning tea and refreshments. Theatre seating.
**This event qualifies for 1x API Continuing Professional Development (CPD) point

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.

Melbourne Apartment Market Update & Outlook

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