Is property development still profitable in 2026… or are margins too tight to make it work?

Most people think the opportunity is gone. Costs are up. Prices are flat. And developers are getting squeezed.

But that’s not the full picture.

In this video, Peter Kelly breaks down what’s actually happening in the market right now — and where smart developers are still making money.

From rising build costs and tighter feasibility, to the hidden advantage of reduced competition and a growing housing shortage, this is a clear, no-BS look at property development in 2026.

You’ll also see the exact strategies working today — including why single storey dual occupancy projects are quietly outperforming, and how the best developers are positioning themselves to win when the market shifts.

This isn’t theory. It’s what we’re seeing on real projects, with real clients, right now.

This isn’t theory. It’s what we’re seeing on real projects, with real clients, right now.

🔥 You’ll learn

• Is property development still profitable in 2026
• Why most developers are struggling right now
• The cycle most investors completely miss
• What’s actually working in the current market
• The mindset shift that protects your downside
• Why dual occupancy projects are gaining momentum
• How to position yourself before the next upswing

If you’re looking at development in Melbourne or anywhere in Australia, this is the reality you need to understand before making your next move.

👇 Chapters

00:00 Intro

01:20 Why It Feels Hard Right Now

01:48 The Cycle Most People Miss

02:28 What’s Going on in Melbourne

03:15 The Mindset That Works Now

03:48 Where We’re Actually Seeing Profits

04:27 A Real-World Example

05:00 The Most Overlooked Strategy Right Now

05:29 The Big Takeaway

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