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Small and Big Property Developers Set To Profit7th February 2011
The latest talk on the town about the "Directions 2031" initiative that is being driven by the Barnett Government and the Planning Minister (John Day), seems to indicate that we will be seeing a lot more infill and rezoning projects taking place within the Perth Metropolitan area over the next few years. According to the Australian Bureau of statistics, we will need an extra 328,000 new dwellings in Perth to accommodate the population growth for this initiative. When however relating this figure back to the Initiative, 154,000 houses will come from infill projects. What does that mean to the small property investor or developer? Statistically, properties in urban infill areas will usually match or exceed the properties in other areas. That is good news as it encourages development. Thus, the right property, purchased at the right time, at the right location is set to show some good growth in the years to come. Our property development services offer project management and advise for any level of development. Contact us today for more information. |