“It is form of the right storm of individuals attempting to make it work,” Chris Corridor, founder and managing director at Blue Crane Capital, advised Australian Dealer. “There’s a possibility [to build], however there’s a number of headwinds, and that is round development prices and a labour scarcity. The development piece [is expensive], however there’s such an enormous demand for housing as properly as a result of there is a housing scarcity. We have a number of migrants coming into the nation and we do not have sufficient properties, which is inflicting property values to go up. So it is not simple to do. However there’s extra curiosity in exercise from folks attempting to make it work.”
