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Developers hand back Melbourne housing lots as buyers and builders dry up

Posted on 30 November 2012

Nearly a third of residential lots released by big land estate developers on Melbourne’s fringes are being returned by mid-sized home building companies, who can’t find smaller home builders and or end-use homebuyers.
The statistic has been uncovered as part of The National Land Survey Program carried out by jointly by Research Four and property consultants Charter Keck Cramer. According to the Melbourne chapter research of the National Land Survey Program, 30% of new land activities for the September quarter were cancellations………………………………………..Full Article: Source


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