PODCAST: Insights from Rory Costelloe on the “Home Building Hub”
Rory Costelloe, Executive Director of Villawood Properties, participated in the Home Building Hub podcast last week with Colin Bischof, General Manager H&L Victoria, and Darren Brennan, Regional West Sales Manager at Metricon.
Rory discussed various issues facing Australia’s greenfield development including his assessment of how the market will perform over the next six months; what’s required to bring stability to the market; the role of medium density in the greenfield sector in light of the volume of immigration; Villawood’s unique commitment to community, innovation and sustainability; and the impact of the State Government’s 70/30 mandate.
It’s a good 48-minute podcast, but for those who are time poor, we’ve highlighted some key topics below.
| 4:40 | Relative repayment rates today compared with Villawood early days. |
| 7:15 | Advice to new homebuyers on buying, budgets, lot sizes, saving, titles. |
| 11:20 | The new backyard, providing open space, parks, wetlands. |
| 13:20 | Buying land first, then contracting builder, or vice-versa. |
| 16:30 | Market sentiment into 2024, stability, sales, affordability, interest rates. |
| 20:10 | Migration surge, housing shortage, banks and margins. |
| 22:35 | Sustainability, 7.5 stars, gas-free, thermal design, economic perf. |
| 30:23 | Innovation, density, design, features, amenity, materials. |
| 33:07 | Happiness the key factor, healthy lifestyle, safety, community focus. |
| 37:50 | Residents clubs and community events. |
| 39:22 | Caring for the carers. |
| 41:40 | Inner versus outer suburban growth, 70/30, medium density, affordability. |
| 44:30 | Deliver what you promise. |
Tune in via your preferred streaming service below – happy listening!
