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Sydney Residential development - H2 2015

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Sydney Residential development - H2 2015

Sales of major sites likely for higher density development in Greater Sydney totalled $4.61 billion in the year to 31 August 2015; this was up 6.9% on the previous year.

Sales turnover is trending significantly higher than volumes achieved in the years ending August 2011 and August 2012; before several key precincts across Greater Sydney had been rezoned for higher density residential. Since this time, the value of sales transactions have increased four-fold, first doubling to $2.01 billion in the twelve months to 31 August 2013; and then doubling again to $4.31 billion the following year.

Source : Knight Frank

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Keywords : Knight Frank