I think idealistic locations such as south west/Margaret River etc. these work well and sell well, but the Perth mindset is still not grabbing I don't believe.
This will make you laugh, I am paying 540K building costs for 4 townhouses in Melb, yes, that's right, not double brick of course, they don't care, and having a double garage that is a gift, single carport will do. We are too fussy here, I think its going to take another 20 years at this rate for Perthians to get over it.
honestly i think a lot of people are ready to move on. at the top end maybe not becaused the moneyed set are usually the most conservative, barring some exceptions of course.
i think with younger buyers theyre more open to it. a friend sold some townhouses recently made from hebel that were built 5 or 6 years ago. he was very nervous about buyers not liking the lack of brick but in the end not a single one mentioned it.
buyers of course have a lot to do with it but so do us lazy developers