Melbourne Residential Outlook Report 2024

5 Q What are the most significant challenges for acquiring new development sites? Rank in order of most challenging to least challenging. 1 2 3 4 5 6 Score Planning time and risk 27.91% 23.26% 20.93% 18.60% 9.30% 0.00% 4.42 Construction Costs 27.91% 20.93% 13.95% 13.95% 16.28% 6.98% 4.09 Site valuations 23.26% 18.60% 16.28% 6.98% 11.63% 23.26% 3.65 Achieving required revenue rate 9.30% 13.95% 27.91% 20.93% 13.95% 13.95% 3.42 Financing 4.65% 16.28% 11.63% 27.91% 25.58% 13.95% 3.05 Investment hurdles 6.98% 6.98% 9.30% 11.63% 23.26% 41.86% 2.37 32.56% 46.51% 20.93% Q Do you anticipate an improvement in feasibility over the next 12 months? Yes No Unsure Q Which types of developments do you find most feasible to deliver currently? Residential – Apartments 35.00% Residential – Townhouses 35.00% Residential – Build to Rent 12.50% Hotels and Accommodation 2.50% Student Accommodation 10.00% Industrial 45.00% 35.00% 35.00% 12.50% 2.50% 10.00% 45.00%