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(68 words)
Price Of Land Rises As Demand Falls
The price of land for new residential building has continued to rise despite a fall in demand, new figures reveal.
The March 2019 edition of the HIA-CoreLogic Residential Land Report shows that in the September 2018 quarter, land lot prices across Australia rose 0.8 per cent to reach $279,949. Over the same period, the number of lots sold fell by 16.2 per cent.
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About the author
Chris Waterman is the principal of Waterman Property Advocates. With more than 30 years real estate and managerial experience in South Australia and the Northern Territory, Chris established the company in response to a real need.
Chris's experience gives him an intimate knowledge of buying, selling and negotiating all types of real estate.
Chris enjoys a balance in life, with horse racing and syndication, wine, cooking, football and cricket in his leisure time.
