As apartment all in delivery costs are high many schemes would not be started in the absence of institutional funders and purchasers

Lots of discussion over the past week on whether #apartments should have been included in new planning permission conditions & owner occupier guarantee.

The all in cost of apartments is higher than an equivalent sized house and there are a lower number of purchasers that can afford an apartment.

Institutional investment has a role to play in supporting new supply, particularly in delivering high density apartments that would otherwise not be built.

Delivering houses and apartments by the State at a lower cost will require an amount of subsidy in addition to efficient procurement & delivery - there will also be a significant lead in time to delivery of the homes.