Strata Development Pipeline report 2019

Strata development

PRDnationwide recently released their “Strata Development Pipeline Capital City Metro Areas” report for 2019. This report is a treasure trove of information relating to the pipeline of strata developments in Australia over the next 3 years. The September edition had the following key findings:

  • Total development pipeline of over 360,000 apartments and units in Metro markets nationally between 2018-2020
  • Project abandonment rate of 18.8% in Metro markets nationally between 2018-2020
  • 43.5% of proceeding apartments and units are located in Sydney Metro
  • Melbourne Metro is due to see nearly 100,000 apartments and units proceeding construction between 2018-2020
  • Of the 3 major capital cities, only Brisbane Metro sees its proceeding pipeline increase annually in all consecutive years, with a phenomenal increase of 327.1% in total apartment and unit stock between 2018-2020

For the full report: https://www.prd.com.au/documents/1738/PRD_Metro_Strata_Report_2019_.pdf