12/08/2026
Why We Reject Home and Land Package Areas - The One Rule We Always Use
Home and land package developers will tell you Australian real estate always grows at 10%.
They won't tell you about building approvals.
At Prime Pursuit we have one rule - if building approvals in an area are over 3% we reject it. Every single time.
Here is why:
Property is a game of supply and demand. High building approvals mean high future supply. High future supply means demand cannot keep pace. And when demand cannot keep pace with supply capital growth slows.
Nar Nar Goon - 18% building approvals.
Pakenham and Clyde North - extremely high.
Mickleham, Donnybrook, Truganina - high supply and high building approvals across the board.
The $30,000 deposit sounds like an opportunity. But getting into the wrong market at the right price is still the wrong decision.
If capital growth is what you are after - steer clear of these areas.
Want to know which markets actually pass our filters? Book a free consultation today.
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