Current Focus

Markets across Australia are currently experiencing a downturn, after an aggressive surge through the pandemic period.  The downturn has primarily been spurred on by the dramatic increase in interest rates, reducing the affordability of property for buyers as their borrowing power diminishes.   

Further to the slow down in buyer activity, construction costs have escalated substantially on the back of supply chain issues, a shortage of available labour and abnormally high weather events through the La Niña cycle. Higher costs are impacting development feasibilities and placing more risk on a development’s success.  

With the difficult market conditions, Propel is focussed on delivering differentiated real estate products in markets that continue to have obvious demand/supply imbalances.  Our construction delivery methods have shifted to focus on prefabricated techniques including modular construction, where greater control on pricing and project timing can be achieved.