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A new report by a housing industry body shows the average price of vacant residential land lots in Sydney has risen by 12 per-cent in the last year.
The report by HIA (Housing Industry Association) Australian Property Monitors also shows there were only 311 sales of vacant land blocks in the last quarter, less than half [...]
Sales are picking up and the agents are cheering. Even most analysts are cautiously upbeat.
When Double Bay real-estate agent Michael Finger went to an auction the other night, hoping to sell two Clovelly properties, he ended up selling three.
Buyers were so keen to snap up what he had to sell that one of the vendors [...]