Last year, the Reserve Bank of Australia (RBA) released independent analysis which determined that the overwhelming share of costs relating to greenfield and particularly infill property development sites relate to construction and financing rather than the respective land value per dwelling.
2 - Land remediation
Although the figure won't require disclosure, you can read this as meaning that Lend Lease will be required to pay very substantial fees to the government. Who'd be a developer?
The benefits will surely be realised over the long term, but in the short term this comes with a cost premium attached.
Consumers have been willing to pay top dollar for new developments, but they fully expect and demand quality products to be shipped in in return.