$155M in sales achieved, 2-bedroom configurations gaining popularity

Our Development ID platform recorded $155,530,990 in sales last month, across a total of 116 stock transactions. 

Stock priced $500k and under increased from 11% in August to 18% in September, while the $500k-$750k range saw a decline of 3%.

The $750k-$1m price bracket, which was the most popular in August (23%), dropped to third place at 17% last month. 

Product in the $1m-$1.5m range rose sharply from 17% to 26%, while the $1.5m-$2m range saw a small dip from 14% to 12%. At the higher end, stock priced $2m-$3m fell from 14% to 8%, while $3m+ stock edged up by 1%. 

2-bedroom stock gaining momentum 

Off-the-plan transactions in September showed a clear shift in buyer preference:

• 1-bedroom stock rose from 26% to 33%, moving from third to second most popular. 
• 2-bedroom stock continued its upward trend, increasing from 35% to 40% this month. 
• 3-bedroom transactions dropped from 37% in August to 27%, though still remain higher than June (12%) and July (22%).
• 4-bedroom sales dropped off entirely, down from 2% in August

For more information regarding Development ID, get in touch with our team here.