Edward has lived in the Belconnen area for over fifty years, he raised his family in a simple three-bedroom, red brick home with a giant backyard that would make any young family jealous.
He’s always known there will be a time to sell but it’s not something he ever gave much thought to. Until one day, when his next-door neighbour knocked on his door with an idea Edward had never considered – “let’s join up and sell our homes together”.
This is not a new concept to real estate. Long a trend in Sydney, builders are looking for other options to meet the needs of growing cities. Back in 2016, 62 owners in Sydney’s French’s Forest teamed up, sold off a combined 4.3 hectares and were paid just under $200 million.
But how relevant is this to Canberra and people like Edward? Curious to know more, we spoke to Wayne Harriden, Executive Director of Project Marketing at Independent Property Group. Continue reading