Projects Newsletter – June 2013

What a fascinating month it has been. Across the country we are seeing renewed signs on continuing growth in off the plan purchases.

In Sydney in particular we are seeing a strong resurgence of apartment sales. This is driving developer confidence to purchase and build new sites.

A great reflection of this was the recent sale of the Legion Cab Site in Surry Hills. Marketed by Ray White our team received high levels of enquiry throughout the campaign.

With widespread interest we had pre auction feedback from buyers in the vicinity of $13.5m.

On auction day a packed room of 200+ developers witnessed a highly competitive auction with the site selling under the hammer for $18m. An outstanding result that exceeded all expectations.

We are also excited to introduce new projects in North Sydney, Abbotsford and Robina and look forward to the Ray White Projects team assist you with your property needs.