Development Insight - Ep 60

In this episode of Development Insight, Ryan Houston & Sam Black dives into the fundamentals of creating value in the luxury property market. We explore how developers assess comparable sales, square metre rates, scarcity, views, amenities and buyer demand when purchasing development sites. Ryan shares real-world examples from Newcastle, Merewether and New Lambton, highlighting how strong sales can create new market benchmarks. We also discuss rising construction costs, the shift towards more affordable townhomes and villas, and why older existing apartments can offer compelling value. Plus, we unpack how developers can identify opportunities that others may overlook and build feasibility around conservative, achievable numbers.