Shares in land development company Axiom Properties Ltd have shot up 19.7 per cent on the back of news it had made $41.7 million from the sale of new canal lots at its Port Geographe development near Bussleton over the weekend.

Shares in land development company Axiom Properties Ltd have shot up 19.7 per cent on the back of news it had made $41.7 million from the sale of new canal lots at its Port Geographe development near Bussleton over the weekend.