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Australia: Residential land market to pick up in 2013 as property recovers

Posted on 27 November 2012

Demand for residential land has begun to pick up in Sydney, Perth and areas of Queensland, with other positive indicators for the year ahead, according to the latest results of a new BIS Shrapnel survey.
The results also come alongside another pleasing week of auction clearance rates – both factors are yet more evidence the residential property market is getting back on its feet. According to the BIS Shrapnel Outlook for Residential Land, 2012 to 2017 report, several parts of the country are set to experience a rebound – although Melbourne and Adelaide won’t be speeding ahead with the rest of the country………………………………………..Full Article: Source


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