Development Ready has noticed a significant increase in buyers confidence levels with all key indicators achieving record engagement levels during the month of March.
These include:
- Enquiry levels, which have increased by 48.4% from the previous month (February).
- Subscriber levels, which have increased by 37% from the previous month
(February).
Overall, there has been a significant spike in enquires for permitted boutique development sites (both apartments and townhouses), up to circa 40 dwellings across all major markets.
This level of development appeals to a larger range of developers looking to minimise market exposure and turn projects over quickly compared to the longer time-frame required for 100+ apartment developments.
Largely enquiries are split 60/40 between apartments and townhouses respectively.
The Melbourne market has been particularly active with strong demand for development sites in the suburbs of Hampton, Caulfield, South Melbourne, Yarraville, Brunswick, and Hawthorn.
Despite reports that the Sydney apartment market may be peaking, the appetite for well-positioned development sites is currently very active. Likewise in both the Brisbane and SE QLD markets where the yields and affordability are certainly attractive from an investor perspective. Several commentators have forecast that these markets will out-perform both Sydney and Melbourne during 2016.
To capitalise on this demand, and to discuss a tailored marketing strategy for your next development contact the team at Development Ready:
T: 03 9631 5476
