The first half of 2025 has underscored the multifaceted challenges confronting Australia’s property developers. While demand for well-located, quality stock remains strong, many projects are stalling. This is not due to lack of vision, but because the environment for delivery has become increasingly constrained.
Recently completed Bronte project by Ferrercon, proudly funded by Monark
At Monark, we recognise that capital certainty plays a critical role, but it is only one part of the equation. The broader systems that support development are under pressure. As highlighted by Peter Hutchins, Chief Executive at Charter Keck Cramer and member of Monark’s Advisory Board, four structural reforms are needed to unlock supply and restore momentum:
1. Planning Reform – Delays in approvals continue to add time, cost and risk. Greater speed and consistency across planning systems are essential.
2. Tax Reform – High upfront tax costs remain a major barrier to feasibility. Reforming stamp duty, GST on new builds and land tax frameworks would significantly improve deliverability.
3. Labour Reform – Shortages across skilled trades continue to inflate costs and extend timelines. Investment in training and targeted migration is essential.
4. Government Incentives – Support for social housing, regional corridors and build-to-rent remains fragmented. Clearer, more effective incentives would encourage private sector confidence.
“Developers are navigating more complexity than ever and often with less margin for error,” says Rupert Blunden, Director of Investments, Victoria. “It is no longer just about site quality or end-user demand. Planning, tax and labour constraints are making delivery harder. Our role is to provide the insight and solutions our partners need to deliver with confidence.”
In 2025, Monark has committed capital to a diverse portfolio of projects across Australia. These include townhomes in Coogee, Brighton and Bronte, apartments in Alphington, Coolangatta and Essendon, a major industrial facility in Mordialloc, and significant subdivision and townhouse communities in Sunbury, Warragul and Cranbourne West.
“In an environment shaped by systemic pressures and regulatory friction, delivery requires more than capital — it demands clarity, alignment, and executional expertise,” says Tom Nadav, Director of Investments, New South Wales.
“We have built Monark to respond to complexity,” adds Adam Slade-Jacobson, Chief Investment Officer and Co-Founder. “Our role is not just to fund projects. It is to understand the friction in the system and help our partners move through it with confidence. We are dedicated to delivery, in every sense of the word.”
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