Future apartments pipeline shrinks as site sales plunge
High-density developers placed their future pipelines largely on hold due to the pandemic, with fresh research showing development site sales plunged to a seven-year low in 2020.
Australia's next round of high-density development is likely to be much smaller than in previous years. Photo: Qian L/Shutterstock
High-density developers placed their future pipelines largely on hold due to the pandemic, with fresh research showing development site sales plunged to a seven-year low in 2020.
Research by Knight Frank showed there was just $4 billion worth of residential site sales last year, a 19.6 per cent fall from 2019 and well below the 2014 peak of $11.3 billion.
Knight Frank’s report also showed the national apartment pipeline slowing significantly, w…
