No sign of slowing down in buyers' blitz
Coastal and lifestyle suburbs, including luxury apartments, are showing no signs of easing up, according to developers and buyers’ agents.
The Australian Bureau of Statistics estimates the value of residential land has increased from $4.9 trillion to $6.6 trillion in the 2021 financial year, with NSW residential land value to hit $2.67 trillion alone.
These raw figures are translating into a rich bounty for developers capitalising on a seemingly unquenchable demand from buyers looking for coastal and lifestyle properties and apartments.
According to BuyersBuyers co-founder Pete Wa…