Price of land ‘so expensive’ builders find it difficult to turn a profit

In simpler term: WEF plan works with help of Gov

Don't worry, many builders make up for that by cutting corners on construction ... they'll be just fine.

Land tax in Victoria is just adding to the problem😊

Big corporations buy up large amounts of land. Let it sit empty for future use. As in the area has potential to grow. This stops competition from being able to buy land and build. As for housing big estate/developer companies buy up as well. Can take over a decade to start building. That's what happened to a lot of land near where my mother lives. Took about a decade. And now expensive apartments are there.

Anthony “recession” Albanese

Yep, price of land is getting almost as much as a house build. I bought a 275 sqr metre block at Wilton and was over 400k, and this is a piddly little block, couldn't afford a bigger block as then no money for the house

With average prices / loan size requirements, it doesn't make sense to buy if there wasn't capital gains to offset the interest payments. So governments will keep pushing higher prices

Yes ! Maybe dont let people buy land and standing empty. 12 month deadline for construction to start and 24month max to finish. Civilised countries use deadlines ...next talk about Zombie shops ? ...empty is better than assist small business ? Think WA think WA

You will own nothing and be happy

Government want is it's tax now and screwing cash flow of small business ( forcing collapses )

My friend is a house builder and he told me he is never in loss, and he is still building. Real estate agents and Property Gurus are basically directing investors to specific suburbs, and driving land prices up. The property market is no more organically growing, take example of Brisbane that had almost 80% growth in just 2 - 3 years. Councils dragging feet on releasing lands are another big contributor, for perspective we have so enough land available in Aus compared to High Density Asian countries. Governments lack tools to control foreign investors and investors wanting to make a quick buck. All these are responsible for unhealthy prices for land prices.

Giant empty Continent, what's the odds.

You e no idea what’s going on in Adelaide

Up the Tax man, small business owners are the worst to work for and deal with. These skeeves probably havent been paying their GST just pocketing it n shit

Blackrock buying everything

Then they should just charge the home buyers more to cover up the losses.

I'll get out my teeny tiny violin for the builders' profit margins will I? Hopefully once the property market is completely non-functional we'll see some real reform

Too little too late.

The problem is the CFMEU being a bully and forcing up labor to such a ridiculous amount that those in the housing trades have left housing and gone to the big build projects.

builders feel it difficult? there is no more housing supply, it will be going up. and home owners will feel their property will be more expensive tomorrow. they won't sell it. the prices are going to be higher. they can borrow the bigger finances, so they could be able to buy more properties. who is going to extinguish the infinite boom. and everything will be expensive. so the cheaper manufacturing nations in eastern will be dominate the markets and they will be easily managing at the negotiation table. +number of new incoming foreign investors would be slowing down.