Apartment site sales decline around Australia

By Nicole Lindsay
Updated December 3 2016 - 1:14am, first published 12:15am
Melbourne is the fastest growing city in the country, with a 2.1 per cent increase in population in 2014-15 that is fuelling growth in projects. Photo: Graham Denholm
Melbourne is the fastest growing city in the country, with a 2.1 per cent increase in population in 2014-15 that is fuelling growth in projects. Photo: Graham Denholm
Apartment blocks at the Docklands precinct. Docklands is being developed, mostly by private sector investment, with waterfront restaurants, shops, apartments, offices, businesses, technology centres, marinas, parks and public art.  Photo: Graham Denholm
Apartment blocks at the Docklands precinct. Docklands is being developed, mostly by private sector investment, with waterfront restaurants, shops, apartments, offices, businesses, technology centres, marinas, parks and public art. Photo: Graham Denholm

The total value of development site deals around Australia has suffered a steep 25 per cent decline in the year ending June 2016, according to Knight Frank research.

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