WARRINGAH Council has made a decision to refuse subdivision of a controversial parcel of prime Brookvale bushland, one which a developer had wanted to build six homes. The developer lodged an application for a two-lot subdivision of the 97,800sq m block, which borders Warringah Rd, Beacon Hill Rd and Northcliffe Ave. While an environmental protection order [...] [...more]
Properties located within walking distance of the local train station are experiencing an upswing in price, new data from PRDnationwide has found. According to latest research by PRDnationwide, Sydney properties that are located near a railway station have jumped by 12.1 per cent in the 12 months to December 2009. The median sale price in those [...] [...more]
NSW Housing Minister Frank Terenzini today announced the State Government was ahead of schedule in completing the first stage of the Australian Government’s Nation Building Economic Stimulus Plan social housing initiative. “Housing NSW’s first target was to deliver 752 homes by June 30, 2010,” Mr Terenzini said. “This target was achieved in mid-May. “ “As of the end [...] [...more]
The NSW Minister for Planning has announced that Central Sydney Planning Committee (CSPC) will be changed. The CSP responsible for decision-making on large development proposals in the City of Sydney local government area, will be reviewed. Minister for Planning, Tony Kelly, said the CSPC has been in operation for 22 years. “It’s now timely to review [...] [...more]
NSW Government has announced new program to boost the housing market . Those who are over 65s and those buying homes off the plan will benefit from the country’s first zero per cent stamp duty, under the NSW Government’s latest budget showing the state back in the black two years earlier than expected. Treasurer Eric Roozendaal [...] [...more]
” Location, Location, Location !” You’ve certainly heard this real estate agents‘ mantra enough. Usually, water views, parks, golf course frontage, prestige school could add hundreds of thousands to the bottom line but now a “good location” means being walking distance from a train. Sydneysiders, it seems, will do anything to avoid relying on the [...] [...more]
SYDNEY is being shunned. The big residential developers are pinning hopes of future profits on Melbourne, Perth and Adelaide. Brisbane has also fallen out of favour.Researchers constantly identify Sydney as the city of opportunity due to a undersupply of housing and rising prices, but the city’s costs are high, it is being stung by a [...] [...more]
Aussie’s John Symond looks at the fact that Melbourne is growing faster than Sydney. What are the impacts for home buyers in these cities? John Symond, Executive Chairman of Aussie, is widely credited with bringing competition to the Australian home lending industry, forcing the banks to drop their mortgage interest rates and lifting their service [...] [...more]
The Premier of NSW, Kristina Keneally does not agree with recent claims by BIS Shrapnel that Sydney will drop behind Melbourne in population within 30 years due to a housing shortage. According to industry experts Sydney’s housing market faces more challenges than Melbourne and has greater chronic housing shortages. A recent report by the economic forecaster [...] [...more]
