Melbourne builder Shane Bennett says inflation has peaked and new home buyers may find the price of land dropping in coming months as developers try to stimulate demand.
Builders’ costs have plateaued since they stopped surging six months ago and large land developers were about to start rolling out rebates of up to $40,000 on sites in a bid to boost sales volumes, Arden Homes chief executive Mr Bennett told The Australian Financial Review on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.