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Good Class Bungalow market starts to thaw

Options said to have been granted for sale of at least 2 properties recently
Friday, November 1, 2013 - 06:00
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Changing hands: The sale of the Gallop Park bungalow for $25.2 million translates to $1,574 psf on its land area of about 16,010 sq ft

THE Good Class Bungalow (GCB) market appears to be thawing after a quiet period following the introduction of the Total Debt Servicing Ratio framework in late-June. Options are said to have been granted for the sale of at least two properties recently in Gallop Park and Dalvey Road. A

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