Melbourne Red23 managing director Terry Portelli said: “We are currently seeing a weekly sales increase of 30% from the beginning of May, which is similar to the situation before the outbreak.” Monthly sales in Greater Melbourne and Geelong started from 1,100 in February And 900 in January fell to 576 in April.
In May of this year, Red23’s land sales rose by 65% to 952. The company believes that this is because after the epidemic prevention restrictions were lifted, consumers regained confidence. Portelli said: “Buyer’s demand is suppressed, they have been inquired before the epidemic, but they are not confident to complete the transaction.”
The first home buyer robbed the land that can be built, even for more than two years in the market, but no one wants the land, eager to get HomeBuilder housing subsidies. Victoria’s land sales expert Red23 warned of land sales in April before the HomeBuilder program was launched. Now that Red23’s $25,000 subsidy program is launched, there has been a rush to buy land for housing construction in the first week of June.
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