The number of land sales in Wyndham during the September quarter of this year was the second-highest among the nation’s growth areas, according to a new report.
RPM real estate group, a residential development sales, marketing and advisory agency, last week released its residential market review for between July and September.
The report said Wyndham recorded 504 lot sales within the three-month period, which accounted for 19 per cent of all lot sales in Australia’s growth areas.
The report showed the number of total lot sales across Melbourne and Geelong increased 48 per cent to 2657 for the September quarter, from the previous quarter.
For Wyndham, the report stated: “Both demand (gross lot sales) and new lot supply in Wyndham are at parallel levels to 6 years ago when the market was then also coming out of a downturn and entering a recovery phase.”
For Wyndham, the report stated: “Both demand (gross lot sales) and new lot supply in Wyndham are at parallel levels to 6 years ago when the market was then also coming out of a downturn and entering a recovery phase.”
This article was originally published on www.starweekly.com.au.