Feasibility Collapses Post COVID
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Between 2020 and 2024, construction cost index climbed over ~25%.

Supply chain disruptions during COVID and major labour shortages created the perfect storm for inflation to spike to double the expected rate.

For property developers, this meant a $20m project they planned in 2020 would cost about $25m in 2024.

Feasos that once stacked up, weren’t worth the spreadsheet they were typed on.

During times like this, savvy developers look outside the box to achieve the ‘highest and best value’ for their sites.

Many private developers partnered with community housing providers to provide a housing product that achieved both profitability and social outcomes.

That relationship continues today, with the final round of HAFF3 applications being submitted.

We wish these developers and housing providers the best of luck with their submissions.

#MakeSpace #projectmanagement #HAFF #homesvic #melbourne #constructionmanagement #propertydevelopment #developmentmanagement #projectadvisory

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Phone

03 8341 3340

Email

hello@makespace.org.au

Address

PO Box 12145, A'Beckett St, Melbourne 8006

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