The growing trend of the builder-developer and why it impacts off the plan apartment market more than most

Having been part of several property cycles it's been interesting to watch this shift in buyer profile for development sites in Queensland. Currently,?a crucial factor in selling a site is whether the developer has a proven track record of completing projects.

This is critical for banks and financiers and also when selling the site to the sellers.

The builder-developer model isn't new.?Some of Queensland's best developers have been vertically integrated builder-developer for decades.?

The challenging construction environment characterised by a substantial increase in apartment projects since COVID-19, along with limited labor resources and rising costs for materials and labor, has led some developers to adjust their strategies to incorporate construction as part of their core service.?They've created the blueprint that a lot of developers are looking toward.

Our four last development site sales starting from $7,050,000 to $9,800,000 have been bought by the builder developer. They don't have the third party costs associated with engaging an external building company.

??Please feel free to reach out for a confidential conversation, whether you are buying, selling or simply want to talk about the market call me on 0410 044 463.