Changes are afoot for the off-the-plan market.
The pre-sales market for apartments and land-and-home packages has been plagued by interest rate rises, construction and planning woes as well as a dose of less-than-positive publicity, all of which has eroded consumer confidence.
That included when it emerged Avid Homes had entered into pre-sale contracts before it had secured specific development entitlements from the council last year, which led to contracts being cancelled.
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