All indications suggest that the property market is recdovering and is poised for growth. Now is the time for developers to investigate and obtain property with a view to develop for purposing for creating wealth.
For instance, Harry Triguboff, a well known Australian billionaire developer, purchased a record number of property sites last year (2013) to expand his 'Meriton' appartments along the east coast of Australia.
Additionally, State Governments and Local Councils are aiming to increase housing densities in certain areas to prevent urban sprawl, opening up further opportunities for property owners and developers.
Courtesy of the Property Observer 7th January 2014:
In 2014, it will gradually occur to property owners and buyers that there are new ways to create wealth in residential real estate, as a result of changes to town plans in major cities around the nation.
State governments and local councils are moving to free-up zoning rules and fast-track development, as a way of absorbing future growth in preference to allowing ongoing urban sprawl.