150,000 new homes in Sydney

Discussion in 'Property Market Economics' started by PropDir, 10th May, 2021.

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  1. PropDir

    PropDir Well-Known Member Business Member

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    According to this article, this will happen over 4 years - https://www.smh.com.au/national/nsw...bs-will-get-none-of-them-20210505-p57p25.html.

    Does this mean areas that don't have planned housing development would be forecasted for higher than average growth? Looks like Northern Beaches and some areas in North West like Cheltenham, North Epping, and further north in East Lindfield have no planned housing development.

    Blacktown, Parra, Penrith forecasted to have alot of new supply of houses.
     
  2. Someguy

    Someguy Well-Known Member

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    So more sprawl in the west? The priority should be higher density with planned transport and amenities to go with it
     
  3. Gockie

    Gockie Fully vaxxed Premium Member

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    Freestanding houses in neighbourhoods not overlooked by units will become a smaller % of what’s available to purchase which then becomes a scarcity factor…. Also note, all the areas in green on the map have nearly no new homes planned too….
     
  4. PropDir

    PropDir Well-Known Member Business Member

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    I believe the article I posted above talked about homes (i.e. houses).
    I'd also be interested to see a similar type of forecast for apartments/units - any ideas where I might be able to find this?
     
  5. Gockie

    Gockie Fully vaxxed Premium Member

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    Home!=house.
     
  6. PropDir

    PropDir Well-Known Member Business Member

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    Do you think that the data mentioned in the articles includes both houses and apartments, or just houses?
     
  7. Gockie

    Gockie Fully vaxxed Premium Member

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    Both. Cause how do you expect to get so many new homes into Parramatta?
     
  8. Harry Marcus

    Harry Marcus Well-Known Member

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    It's both.
     
  9. PropDir

    PropDir Well-Known Member Business Member

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    Yes that's exactly what I was thinking too - never seen an actual house in Parra. :p