Greenfield Demand Still StrongResearch undertaken by PropertyESP has shown that demand for greenfield areas in Perth continues to outpace infill.Conducted over a two year period, the research examined areas such as Byford, Baldivis and Ellenbrook in comparison to Victoria Park, Belmont, East Perth and Midland.The research found that demand for land lots in the greenfields areas ranged from 982 blocks to 2256 for the two year period (average 1557) in comparison to 712 apartment sales in East Perth (the highest volume).Samantha Reece, Director of PropertyESP said “Whether they purchased in greenfields or infill, the purchasers were still looking for an average of one bedroom per resident and as such families were seeking 3-4 bedrooms while baby boomers and Gen Y were seeking 1-2 bedrooms.”For more information on these results, contact Samantha Reece at 0452 067 117.
Home Property Australia Greenfield Demand Still Strong