Despite a global health crisis, fears of a second wave and ongoing market jitters, buying activity in new communities have bounced back beyond ‘pre-COVID-19’ levels to reveal a bright outlook in an otherwise mixed market.
During the apparent height of the crisis in QLD, we looked through our project list and happened upon an interesting phenomenon – whilst the headlines were saying one thing, the data was saying another. We’ve done a deep dive into our current projects underway and realised that sales and transactions have skyrocketed in the past few months.
We took four of our large new community projects (>1000 lots) spread across the SEQ region and reached out to these key clients to extract live sales data to see what the numbers said. As can be seen in the figure below, an interesting trend is revealed.
