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Sydney Residential - November 2014

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Sydney Residential - November 2014

Evidence suggests there is an undersupply of housing currently being experienced across Sydney. Countering this shortfall has been significant investment into residential development sites in recent years. As a result approvals for new housing stock are increasing, particularly for apartments, which have increased by 58% in just two years.

Our estimates indicate that future supply may close the gap on future demand. However, there remains pent up demand for residential accommodation that is being fuelled by population growth (and net migration) and unrelenting international interest in Sydney residential property.

Source : Knight Frank

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Keywords : Knight Frank