You are viewing:-
you're reading...
1.Market Observations

26 Nov 2012 (AFR) – Residential recovery afoot in Sydney, Perth, SE Qld: BIS

(26 Nov 2012, AFR, p39, Ainslie Chandler)

‘Buyers in south-western Sydney have camped out overnight to secure lots on a residential release, adding to signs of a recovery in the housing lot market after years in the doldrums. There was strong demand at the release of land at Edmondson Park which went on sale on Saturday; by Sunday, 34 of the 54 available lots had been sold. Another release at Elizabeth Hills also attracted many buyers. Sydney, Perth and south-east Queensland seem poised for a recovery in residential housing lot demand and supply in the coming year, says forecaster BIS Shrapnel.’

Read more at AFR.com (might need AFR login access)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: