PROPERTY FORECAST: Australia’s growing population and recent changes to urban density implemented by the State Government is majorly impacting Sydney’s construction industry and supply and demand. Yet forecasts predict a degree of stabilisation on the horizon.
This article is sponsored by Quantum Group.
SYDNEY’S property value has climbed to an all time high, induced by a rising population growth and foreign investment, that has helped to boost high-rise development offerings, yet hindered first home owners’ purchasing abilities creating uncertainty in the market.
Although, forecasts predict a degree of stabilisation on the horizon following the State Government’s major changes to urban density reflected in Sydney’s local environmental plans (LEPS).
LEPS has recently been formulated to increase housing supply, improve zoning and economic feasibility, particularly for Sydney’s first home owners as foreign investors have essentially pushed them out of the playing field….Read more