South Australian land sales jumped 83 per cent to a record 3,766 lots in 2020, according to the Urban Development Institute of Australia’s State of the Land report, with Adelaide’s northern suburbs up 168 per cent. Low interest rates and the HomeBuilder grant were credited. PIPA chair Peter Koulizos said demand had shifted towards three bedroom houses as working from home reduced interest in small apartments and townhouses.
Reported by
Renato Castello, Herald Sun, 17 March 2021
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
