According to The Australian Financial Review, Melbourne-based developer Jinding is hoping to leverage off rising demand and an undersupply of housing in regional areas after snapping up three sites in Victoria and one at Mount Barker on the outskirts of Adelaide for about $70 million.
These four projects are expected to yield almost 2000 housing lots with an end value of nearly $700 million. Jinding joins Victorian developers such as Wel.Co and Villawood, which have been diversifying their portfolios away from Melbourne and targeting regional hubs with strong economies and where housing remains relatively affordable compared to the capital cities. https://www.afr.com/property/residential/melbourne-developer-snaps-up-regional-sites-with-plans-for-2000-homes-20240925-p5kddl
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