Strata Development Pipeline report 2019

Strata Advisory

1 min
October 10, 2019

Key Takeaways:

PRDnationwide recently released their “Strata Development Pipeline Capital City Metro Areas” report for 2019. This report is a treasure trove of information relating to the pipeline of strata developments in Australia over the next 3 years. The September edition had the following key findings:

Total development pipeline of over 360,000 apartments and units in Metro markets nationally between 2018-2020

Project abandonment rate of 18.8% in Metro markets nationally between 2018-2020

43.5% of proceeding apartments and units are located in Sydney Metro

Melbourne Metro is due to see nearly 100,000 apartments and units proceeding construction between 2018-2020

Of the 3 major capital cities, only Brisbane Metro sees its proceeding pipeline increase annually in all consecutive years, with a phenomenal increase of 327.1% in total apartment and unit stock between 2018-2020

For the full report: https://www.prd.com.au/documents /1738/PRD_Metro_Strata_Report_2019_.pdf

David Bugden

Group CEO

David has over 20 years of experience in the Australian and international property and technology sectors.

David started his career in Sydney as a property lawyer, working for a firm that specialised in strata and community titles. He has also run large property services businesses, including a 25,000-lot strata management business in Sydney and Perth and a multi-disciplined real estate agency in Dubai, United Arab Emirates.

Most of David’s career has been running innovative cloud-based technology companies that provide solutions to the global strata and property industries.

Before joining Bugden Allen, David was Chief Commercial Officer for ASX-listed Urbanise.com, a leading cloud-based strata management and FM platform. David ran the largest division of the company and was responsible for the strategy, product, sales, marketing, and customer support for their global Strata platform. In June 2015, Urbanise acquired David’s technology business Mystrata, which was a global leader in cloud-based management and accounting solutions for strata properties which he successfully ran for 12 years.

David holds degrees in law and commerce from Bond University and was admitted as a solicitor to the Supreme Court of New South Wales.

As the Group CEO for Bugden Allen and their subsidiary technology company PropLaw Tech Solutions, David is responsible for the strategic leadership of the firm and running the services and technology businesses that support our innovative growth plans.

View all posts by David Bugden

David Bugden

GROUP CEO

David has over 20 years of experience in the Australian and international property and technology sectors. David started his career in Sydney as a property lawyer, working for a firm that specialised in strata and community titles. He has also run large property services businesses, including a 25,000-lot strata management...

View profile of David Bugden

Written by David Bugden

Group CEO

David has over 20 years of experience in the Australian and international property and technology sectors.

Most of David’s career has been running innovative cloud-based technology companies that provide solutions to the global strata and property industries.

David holds degrees in law and commerce from Bond University and was admitted as a solicitor to the Supreme Court of New South Wales.

Written by David Bugden GROUP CEO

David has over 20 years of experience in the Australian and international property and technology sectors. David started his career in Sydney as a property lawyer,...

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Strata Development Pipeline report 2019

Strata Advisory

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David Bugden

Group CEO

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