DEMAND for apartments hit a record high in July, with the City of Sydney receiving more than 2400 development applications for units in just one month. The record figure highlights the significant push from developers who want to lure potential buyers closer to the CBD. One hundred new homes are being completed in the City of Sydney area each week, and over the past five years approximately 1900 dwellings have been built in the LGA …
Continue reading Sydney’s apartment boom reaches record high with 2400 development applications lodged in JulyDay: August 20, 2015
Baird promises boost for Sydney stadiums
Sydney could get three new sports arenas, worth $1.85bn over a decade, a government report shows.
Sydney sports stadiums will receive a funding boost but NSW Premier Mike Baird has remained tight-lipped on the exact figure as he calls for investment.
Continue reading Baird promises boost for Sydney stadiumsHome ownership dreams dashed
Home ownership is becoming far less attainable. The great Australian dream has become an unattainable fantasy for more people, with a new report showing home ownership is becoming increasingly out of reach. Data collected by the Australian Institute of Health and Welfare shows a dramatic fall in the proportion of households with outright ownership of their residence and an increase in the percentage of renters and mortgagors. The rate of households who own their own …
Continue reading Home ownership dreams dashed