It has been a massive first half of 2018 for the Project Marketing department with a number of development sites nearing completion and stock levels reducing due to high demand amongst investors and owner occupiers.
Record low interest rates continue to drive strong sales results which are seeing unit developments being sold out prior to completion.
Earlier this year Precision Business Park was sold out at an average sqm rate of $2,700 which in hind sight represents excellent value due to ever increasing underlying land values!
Park Lane in Clayton South is nearing completion with only 3 buildings left for sale or lease. Over at M-INC Moorabbin, the second and final stage has been released with over 50% already sold and construction has barely started!
Sales at Keysborough have been bubbling away with only 2 buildings left on offer at the recently completed Indian Drive Business Park whilst there is also 2 buildings left at KeyLink Business Park which is due for completion later in the year.
Settlement of Stage 3 at Industria, Knoxfield has just taken place with Stage 4 due in September. There are only 3 options available for sale here which is a huge result with all buildings sold out prior to completion with all previous stages.
Stay tuned for some exciting upcoming developments in Dandenong and Braeside!