Despite the barriers, new builds can offer gains for astute investors
For investors with a long-term strategy, opportunities still exist for those wanting to build, particularly in areas with efficient infrastructure delivery.
It’s not uncommon for a modest 200 square metre new home build to exceed $1 million in total cost. (Image source: Shutterstock.com)
Australia’s housing market is confronting a well-documented shortfall. With a government target of 1.2 million new homes over five years, the urgency to boost supply is well understood.
And yet, in 2024, only 12 per cent of house sales came from newly built properties. While the latest Australian Bureau of Statistics data shows that dwelling approvals
rose by 4.7 percent to 171,394 in 2024, the number of actual new home commencements dropped to …
