Inflation, oil and confidence 'to hit home-building'
AFR - 05/03/2026
"We can't just buy a site and convince ourselves we can achieve the sales prices that justify buying the site," the Evolve Developments Boss said. To make another project work with the same apartments, they'd need to sell for between $17,000 and $18,000 per square metre, Williams said. "That's a 40 percent increase from what we've been selling in the last two years" he said. "You've got to be a brave businessman to say the market will tolerate that sort of price increase."