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Interest in Blackburne’s Oracle apartments increased after Probuild started work on the 22-storey project. Photo: Attila Csaszar

Demand for apartments a matter of timing

Waning interest in off-the-plan apartment sales in Perth is adding to the challenges facing developers.

Growing numbers of apartment buyers are hedging their bets on their purchasing decisions, ramping up pressure on developers to achieve the pre-sales necessary to secure finance.

Recent sales data from across Perth suggest prospective buyers are increasingly waiting for construction to begin or for projects to be completed before committing to a purchase.

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