Developers start to move on Flat Bush

Barfoot & Thompson figures released yesterday showed three Flat Bush deals in two months, which director Peter Thompson said would see many hectares of farmland converted into housing.

Agents - understood to be from Barfoot's Highland Park office - sold two blocks of land for more than $10 million in December and a further lot for $11 million last month.

Barfoot's Meadowland manager Jim Allnatt said Flat Bush bare sections of between 400sq m and 450sqm were selling for more than $200,000 and prices had been climbing rapidly. The office had sold blocks of land in the area for more than $10 million in the past 15 months.

Barfoots' Highland Park manager Jon Simpson said "privacy restraints" prevented him from talking about any of the deals he had been involved in.

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