Housing crunch triggers surge in development site listings

Australian Financial Review

A surge in holding costs, squeezed profit margins and a collapse in the off-the-plan apartment market are fuelling a sharp rise in the number of development sites being put up for sale, many of which have existing permits.

In some cases, developers are coming under pressure from their lenders to put their sites on the market, while others are offloading non-core projects to focus on the more viable ones in their portfolios as they ride out the…

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