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Buyers eye suburban off-the-plan projects
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Sentiment towards off-the-plan properties is turning the corner, with the number of searches soaring more than four-fold in some areas over the past three months as generous government incentives entice first home buyers back into the sector.
Interest in high-rise apartments in CBD projects remains subdued, however, due to the weak rental prospects for those markets.
Moreton Bay, in Brisbane’s north, and Riverstone, in Sydney’s north-west, were the most popular, racking up a 346 per cent and 340 per cent jump respectively in the number of buyers searching for off-the-plan properties, new Domain data shows.