Melbourne New LAnd Market -December 2016 Quarter Sales
Melbourne land market recorded a near record in terms of land sales for the December 2016 quarter.
Despite the near record sales volume for the quarter, the majority of customers will be waiting 6-9 months before getting access.
Only 4 out of every 100 lots sold for the December quarter were already titled.
A further 8% of sales were three months out from being titled.
It would appear that the Developers are managing to keep development time lines in check, despite responding to peak demand.
Customers buying land across the Cardinia sub market will have the longest wait.