Apartment markets are leading Melbourne’s recovery from the post-boom downturn. Hotspotting’s Spring survey of sales activity and prices provides strong evidence of revival in Melbourne, with units outdoing houses on price performance.
Buyer confidence in the luxury off-the-plan market has regained strength with Armadale development, 835 High Street selling $20 million worth of property in the first weekend of sales and organic grocer, The Leaf Store signing on to occupy the ground floor retail space.
The luxury buyer has a precise set of needs and expectations that smart developers understand. A luxury buyer already has a very clear idea of what they want when they make an enquiry – they’re often well advanced with their buying journey.