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Mega-lot sales gaining in popularity with home owners


Carolyn Cummins, The Sydney Morning Herald

The change in strata legislation has triggered a rise in collective sales, often dubbed mega-lot deals, with the number recorded now reaching 17.8 per cent share of total disclosed sales in 2016-17.

According to Knight Frank's research, collective site sales, suitable for low, medium and high-density development, have increased six-fold over the past five years, with foreign buyers purchasing 62 per cent of the sales.

Go to The Sydney Morning Herald and read the full story.

The Sydney Morning Herald
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