Business News – Land Developers Feature
Residential land developers hope the positive market momentum prompted by housing stimulus measures can be extended long term.
For many land developers, last year provided a welcome change to years of weak demand and subdued market activity.
The state government’s Building Bonus and federal HomeBuilder grants introduced in June 2020 had an impact almost overnight, with Perth recording the most quarterly land sales during the June quarter since 1990, according to the Urban Development Institute of Australia WA (UDIA WA).
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