People in the comments section are saying no to new builds due the small size of properties and the quality of the properties. There is a biblical prophecy predicting that people would refuse because the properties are too small to live in.
Property developers are saying there is weak consumer confidence due to interest rates. Nope, it is much more than that. Plus there is always uncertainty in an election year. When first time buyers can't afford to purchase that shows us yet again that property is overpriced. Plus there has been a lot of media coverage on new builds that people weren't happy with.
I've never liked new builds, they don't have any character.
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