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NSW Government to crack down on dodgy building certifiers following Opal Tower saga

January 1, 2019

Building Greater Sydney Region Property and Investment News

Key points: Up to 30 per cent of certification work will be audited in NSW every year Corrupt certifiers or those who have negligently signed off on an unsafe building will be booted from the industry immediately Certifiers who breach the industry code of conduct will be banned from working on new buildings for a […]

 

A Fast Rail Future for NSW

December 6, 2018

Canberra Region Central Coast Region Government Infrastructure Greater Sydney Region Hunter Valley Region New South Wales Property and Investment News

Vision Many of our state’s regional areas have room to grow and are keen to draw in more investment, generate job opportunities and attract skilled workers. The government wants to make it easier and provide more choice for people to live and work in regional NSW. In July 2018, the government released A 20-Year Economic Vision […]

Buying off-the-plan turns into a nightmare for Surry Hills couple

November 27, 2018

Greater Sydney Region New South Wales Property and Investment News Pros & Cons Strategy

Apartment buyer Tom Christensen, 31, said buying a Sydney unit off-the-plan has left him “scarred”. He and his partner bought the inner city property four years ago for $1.65 million and despite being contracted to be completed in 2015 it was only finished this year. “If we’d settled when it was supposed to be built […]

Third of new units worth less than owners have to pay for them

November 27, 2018

Building Greater Sydney Region New South Wales Property and Investment News Pros & Cons Strategy

Nearly a third of Sydney’s newly completed units are now worth less than what their buyers will have to pay for them. Many of the homes were purchased at inflated prices agreed during the housing boom two years ago but dropped in value as the market slumped over the time it took to build them. […]

Vacancy rate creeps back up in Sydney, down in regional NSW

November 22, 2018

Central Coast Region Greater Sydney Region New South Wales Newcastle Area Property and Investment News Pros & Cons

The October 2018 edition of the REINSW Vacancy Rate Survey showed metropolitan Sydney vacancy rates were down 0.1 of a percentage point over the month to 2.1 per cent. Leanne Pilkington, president of the REINSW, said there was a slight slowdown for those looking for rental accommodation in Inner and Middle Sydney as its vacancy rate increased, […]

Wollongong boarding house in the centre of the city

November 12, 2018

Boarding Houses Greater Sydney Region Multiple Income New South Wales Property and Investment News

An iconic property in Smith Street Wollongong that has operated as a boarding house for more than 30 years, will be auctioned next month. The property at 65 Smith Street, is recognisable for the beautiful original home with a wrap-around verandah that sits behind a landscaped, neatly hedged front garden and brick fence. At the rear of […]

Two boarding houses have been approved in Campbelltown

November 12, 2018

Boarding Houses Greater Sydney Region Multiple Income New South Wales Property and Investment News Strategy

Two boarding houses in Campbelltown have been approved by council last night but councillors have warned they don’t want to see the area flooded with the high-density accommodation. A nine-bedroom boarding house was approved for 1 Bocking Ave, Bradbury while a 15-bedroom boarding house was also approved for 60 Moore St, Campbelltown. The Bradbury house […]

Multi-storey boarding house plan to boost affordable homes in Wollongong CBD

November 12, 2018

Boarding Houses Greater Sydney Region New South Wales Property and Investment News

Housing affordability for low income workers in Wollongong has become a “serious and growing problem”, prompting a developer to pitch a plan to build what would become the city’s largest boarding house. Earmarked for the western edge of Wollongong’s CBD, on Frederick Street, the “new generation” boarding house would provide housing for up to 81 people. It would have 68-rooms […]

Developer Proposes ‘New Age’ Boarding House for Parramatta

November 12, 2018

Boarding Houses Greater Sydney Region New South Wales Property and Investment News

NSW-based developer Revelop Holdings have lodged a proposal with the City of Parramatta for an eight-storey boarding house. Designed by PBD Architects, Revelop have committed around $5 million to the project the site located at 109A Wigram Street, Harris Park – 30 kilometres from Sydney’s CBD and on the eastern fringe of the Parramatta City […]

Sydney needs more boarding houses

November 12, 2018

Boarding Houses Greater Sydney Region Multiple Income New South Wales Property and Investment News Pros & Cons

  I was a town planner at the former City of South Sydney in the mid-nineties when brothels became legal. Brothel operators could apply to legalise brothels that had been operating for decades. I remember someone objecting to a “proposed” brothel in East Sydney, saying it would be a disaster for her neighbourhood if that […]

Aerotropolis: Gigabit city to create 12,000 jobs and 3000 homes in western Sydney

August 6, 2018

Government Infrastructure Greater Sydney Region New South Wales Property and Investment News

THE Western Sydney Aerotropolis officially lifts off today with the turning of the first sod on a $5 billion Sydney Science Park that will deliver 12,000 jobs and 3000 homes. The futuristic science park on a 280ha site at Luddenham is the first major development off the back of Sydney’s planned second airport at Badgerys […]

NSW Government Plans $386m Development at Tallawong Station

July 24, 2018

Government Infrastructure Greater Sydney Region New South Wales Property and Investment News

The NSW government’s land and property development arm, Landcom, has unveiled plans for a $390 million development for 1,100 homes adjacent to the new Tallawong Metro Station. The precinct, which will stretch across 7.8 hectares, will include 85,000sq m of residential development and 9000sq m of retail, commercial and public space. A total of 16 […]

GPT, AMP and Brookfield Revise $1 Billion Darling Harbour Proposal

July 20, 2018

Greater Sydney Region Property and Investment News

A joint proposal by GPT, Brookfield and AMP for the $1 billion redevelopment of Sydney’s Cockle Bay Wharf has undergone another set of revisions in plans submitted to the NSW government earlier this month. The consortium’s ambitious plans for a waterfront precinct, originally formulated in 2014 with an application submitted in 2016, involved the transformation of […]

Parramatta Set to Receive Two New Hotel Skyscrapers

July 17, 2018

Greater Sydney Region New South Wales Property and Investment News

Parramatta’s rapidly growing CBD is set to get even busier with hundreds of new hotel rooms set to come online by 2020. Two major hotel developments have been given the green light this month by the City of Parramatta, the 300-room Starwood Four Points by Sheraton and the 200-room QT Hotel and Resorts. The former, developed by JZL […]

Sydney Wet‘n’Wild Welcomes Spanish Owners in $40m Deal

July 4, 2018

Greater Sydney Region New South Wales Overseas Investment Property and Investment News

Village Roadshow has offloaded its western Sydney Wet‘n’Wild to Spanish entertainment park operator Parques Reunidos for $40 million. The sale, which marks Parques Reunidos entry into the Australian market, reflects a pre-tax loss of approximately $25 million in 2017-18, according to Village Roadshow’s ASX announcement. Village Roadshow, which owns theme parks Warner Bros, Movie World […]

Sydney is becoming one of the five wealthiest cities in the world

June 12, 2018

Greater Sydney Region Property and Investment News Pros & Cons

Its number of rich residents is growing so fast that Sydney is expected to become of the five wealthiest cities in the world within the next 10 years, according to analysts at New World Wealth. The others would be New York, Beijing, Tokyo and Shanghai. The current top five is: New York, London, Tokyo, San […]

‘Ripple effect’ sees wave of buyers ditching Sydney for coastal boom towns

June 12, 2018

Central Coast Region Greater Sydney Region New South Wales Property and Investment News Pros & Cons

Sydney’s property market has run out of steam but there’s no sign of a slowdown in the state’s coastal hotspots. The harbour city’s median house price fell 1.4 per cent to $1,150,357 over the year to March, but boom-time price increases are still being seen up and down the seaboard, with prices bolstered by a steady stream of Sydneysiders leaving the […]

Parramatta Council wants to slam brakes on ‘density grab’ by developers in Epping

June 12, 2018

Building Greater Sydney Region Newcastle Area Property and Investment News

Epping has “reached crunch point” where even the simple task of residents driving out of their streets to get to the shops has become a daily struggle. Since the state government flagged Epping as a priority precinct in 2012, the population and number of homes built in the suburb have far exceeded original forecasts. Long-term […]

Parramatta’s $1bn Light Rail Set to Begin Construction

June 5, 2018

Government Infrastructure Greater Sydney Region New South Wales Property and Investment News

Parramatta’s Light Rail is scheduled to commence stage one of construction by the end of 2018 after receiving planning approval. The first stage of the Light Rail plan, a two-way track which will span 12 kilometres, will connect the Westmead health precinct to Carlingford via Parramatta CBD and Camellia with an estimated operation date of […]

Sydney needs to better plan for coming population boom, more dense housing: new report

May 22, 2018

Greater Sydney Region New South Wales Pros & Cons

SYDNEYSIDERS are wasting almost twice as much time commuting as their counterparts in big cities in countries such as Spain. A landmark new report also reveals how our city is “losing talent and skills” because of the “severe” shortage of affordable housing and lack of jobs close to where people actually live. Controversially the Property […]