A research produced by
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
