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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 (might need AFR login access)

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