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Latest Australian Development Pipeline News

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.

Apartment building under construction between two other buildings
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…