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Green light for $650 million Sydney's Cockle Bay project

May 20, 2019

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

A $649 million redevelopment in Sydney’s Cockle Bay, announced more than three years ago but left up in the air due to overshadowing concerns, has been given the green light by the state’s independent planning commission. A consortium of three investor groups, GPT, AMP Capital and Canada’s Brookfield, first announced plans in early 2016 for […]

Rents Across Australia Rise Over The First Quarter Of 2019

May 13, 2019

ACT Region Brisbane Region Canberra Region Central Coast Region Finance Greater Sydney Region Hunter Valley Region Melbourne Region New South Wales Newcastle Area Overseas Investment Overseas Investor Property and Investment News Queensland SMSF Strategy Taxation Victoria

The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1 per cent during the first three months of the year. “This seasonally strong first quarter has delivered the highest increase in weekly rents since the corresponding first quarter a […]

Australia’s Population Becoming More Diverse

May 13, 2019

ACT Region Brisbane Region Building Canberra Region Central Coast Region Greater Sydney Region Hunter Valley Region Melbourne Region New South Wales Newcastle Area Property and Investment News Queensland Strategy Victoria

Migration data which was recently released by the ABS showed that as of June 2018, an estimated 17,650,130 residents of Australia were born in Australia. While this may seem like a high number, it shows that 29.4% of residents were born overseas. Based on data from the ABS which dates back to 1996, this is […]

Macquarie Park to get new $750m business district

May 7, 2019

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

A new commercial development labelled “Australia’s first community business district” will be built at the entrance of the Northwest Metro station at Macquarie Park. Frasers Property and Winten Property Group have committed $750 million to Macquarie Exchange (MQX), a mixed-use development comprised of four buildings — one of 16 storeys and three of eight storeys […]

NSW GOVERNMENT EYES NEW HOME FOR 4000 OFFICE WORKERS IN PARRAMATTA

April 8, 2019

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

The NSW Government is on the hunt for up to 45,000 square metres of new office space in Parramatta. The government’s property management agency, Property NSW, is calling for expressions of interest to lease office space for more than 4000 staff from 2022. It is after A-grade space in a single building under a 10-year […]

Developer On Track to Build $5bn Smart City

April 1, 2019

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

Developer Celestino’s plans are on track to develop Australia’s first smart city, Sydney Science Park in Western Sydney. Celestino and the University of Technology Sydney (UTS) met with transport and infrastructure experts along with technology providers on Friday to discuss how autonomous vehicle use can be built into greenfield smart cities. Spanning a 280-hectare rural […]

Sydney residents move out as city depends on migrants for growth

March 28, 2019

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

Thousands of Sydneysiders are leaving their home suburbs for other parts of the city and the state with new figures revealing a slowdown in the capital’s runaway population growth. Australian Bureau of Statistics data showed the Greater Sydney area added 93,411 residents through 2017-18, taking the city’s total population to a record 5.2 million. It […]

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 […]