Strong Demand For Residential Development Sites

2016 saw increased demand from small and large developers for englobo residential development sites in the outer Northern and Western suburbs.

Inquiries particularly from smaller investor/developers has increased significantly due to smaller acreage properties within approved PSP areas coming onto the market, as Vendors cash in and opt for an early “retirement”.

The increased demand has also seen prices skyrocket as the larger acreage properties are sold, leaving the smaller lots up to five acres to by snapped up by eager, smaller investors, keen to buy and hold, hoping to on sell the property before settlement at a higher price

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