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Perth Residential development - H2 2015

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Perth Residential development - H2 2015

Despite a slowdown in residential development sites sales across Greater Perth, the construction phase is active with many projects kicking-off earlier than scheduled due to the majority of apartments selling off-the-plan in the Inner and Middle Suburbs regions.

Sales turnover of major sites, likely for higher density development in Greater Perth, grew substantially over the three years to 31 August 2014 to stand at $322.23 million. However, the twelve months to the end of August 2015, recorded $213.36 million worth of transacted sales, reflecting the weaker buyer sentiment in the wider Perth property market.

Source : Knight Frank

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Keywords : Knight Frank