There are big drops in New Build sales!! #161
1. Sales volumes fallen 30-70% for various developers in past 12 months (SMH article - Rob Freeman - Macquarie Equities)
2. Buyer Defaults are at 5%, well above average of 3% for Stockland? (SMH article)
3. Economy continue to looks weak, with thoughts of rate cuts or quantitative easing - suggested by Reserve Bank of Australia OPPORTUNITIES FOR BUYING ARE OUT THERE!!
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.