There is lots of new development happening in and near the Melbourne real estate market. Local area market watchers suggest this recent upswing in starting or completing new home developments is related to possible new construction impact fees which have been rumored to increase at the start of the new year to $4,000.
Whatever the reason, it is great news for Melbourne real estate advisors who now have many more options for interested home buyers to choose from along with a wider variety of price points. Get specifics on which home developers are expanding and which neighborhood subdivisions are getting ready for a grand opening.
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