PI Global Investments
Real Estate

Western Sydney housing supply: Developers abandon residential projects for commercial amid rising costs and red tape


Property developers are struggling to make their projects stack up in Sydney’s west as construction costs rapidly rise, hampering critical residential housing supply in Sydney’s fastest-growing areas.

The housing affordability crisis is pushing more residents to the outer areas of Sydney, where they have a shot at affording property, while most of Sydney’s new migrants are seeking to make the west home, too.

Loading…



Source link

Related posts

Essex Property Trust stock holds steady as investors weigh recent results

D.William

Manhattan rents reach record high as the vacancy rate hits 6-year low – Crain's New York

D.William

PropNex Eyes Industrial Properties Next, News, Tabla

D.William

Leave a Comment