Building Companies in Adelaide Share the 5 Trends Defining House and Land Packages in Australia

2018 was a tumultuous time for home builders and home buyers alike. The market was subject to numerous changes, fluctuations in demand and pricing, etc. 2019, however, has shaped up to be quite a productive year for the real estate industry in Australia. According to numerous house building companies in Adelaide, the property market in Australia’s leading cities have started to look up. There are specific positive trends that reflect the current state of the residential housing sector in 2019.



Trends in the residential housing market in 2019

The trends that have enabled home building companies to remain hopeful about the state of the market are as follows:

•    New land, new locations

The market has seen the introduction of some new locations for residential housing; this has also allowed for the entry of more modern pockets of land on the market. So, customers no longer have to rotate their choice of the same old locations or consider resale property.
 The availability of new land in new locations is also attracting new homebuyers and reminding experienced buyers to consider flipping homes.

•    Introductory promotions for new property

It is a bountiful time for buyers who are searching more modern, less popular locations for house and land packages in Adelaide and other cities. To help the customers warm up to these new developments, the building companies have made introductory, promotional offers prevalent across most of the major property markets of Australia.

•    Deposit price reductions

House building companies in Adelaide and other leading cities have once again made 5% initial deposit rates applicable. The rates were hiked from this value to 10% only a short while ago as demands were high and supply was low.

However, the tables have turned, and the builders are competing once again to generate demand, so buyers can expect to enjoy lower initial deposit rates.

•    Affordable housing

For affordable housing, homebuyers have to look at new land acquisitions and locations. House and land packages in Adelaide at prime locations are priced high and are not affordable to new buyers or buyers on a budget. These conditions have forced customers to look at the packages in new locations, with promotional discounts and low deposit rates.

•    Smaller units

To battle the increasing cost of real estate in urban locations, buyers have shifted their concentration to smaller housing units. Customers are planning to build up rather than build around. With home architecture trends gravitating towards compact, functional home design, space utilisation has increased; thus, smaller housing units are trending.

So, if you are considering to buy residential property any time soon, then the time is ripe to cash-in.
Location: 158 Railway Terrace, Mile End South SA 5031, Australia

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