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Cheap housing suburbs set to fly the coup as Gosford and Punchbowl prepare for record prices

Cheap housing suburbs set to fly the coup as Gosford and Punchbowl prepare for record prices

Bargain hunters best be quick; Sydney’s cheapest suburbs are on the incline. Notoriously cut-rate areas like the Central Coast, Eagle Vale and Punchbowl are bracing for record steeps in home prices over the next 12 months. There has been a 28 per cent increase in first homebuyer activity since July, with most first-time purchasers the […]

Original blog | Sydenham-Bankstown station precinct strategy

Original blog | Sydenham-Bankstown station precinct strategy

More than 2000 people have given their thoughts on the revised strategy to rejuvenate the 11 station precincts from Sydenham to Bankstown. Revitalising the precincts along the Sydenham to Bankstown corridor is part of a larger plan to grow Sydney and refurbish some of the city’s inner south-west suburbs.   The community benefits of the […]

Penrith skyline set to soar with plan for new towering apartments

Penrith skyline set to soar with plan for new towering apartments

Penrith councillors have endorsed a transformation of the existing Union Rd car park in a plan that includes six new lofty apartment towers. The tallest of the apartments is set to stand at 34 storeys and 110 metres high. Along with the apartment towers, the area is proposed to include retail, commercial areas, open green […]

Higher rent prices driven by strong commercial demand

Higher rent prices driven by strong commercial demand

Commercial real estate agents have set rent prices at 2.5% higher than three months ago, it has been reported. According to The Commercial Property Guide, the growth can be attributed to financial services and information technology business expansion. While Sydney endured a surge in commercial rent prices that peaked in May, September has seen the […]

Wollongong pips Sydney to become fastest growing housing market in the country

Wollongong pips Sydney to become fastest growing housing market in the country

The Illawarra region has continued its recent dominance on the property market, as Wollongong recorded the biggest jump in house prices across the country over the last 12 months. House prices in the area skyrocketed by 16 per cent and units went up 14 per cent. It means that for the first time in nearly […]

Original blog | NSW Councils to be stripped of development application jurisdiction for applications over $5M

Original blog | NSW Councils to be stripped of development application jurisdiction for applications over $5M

Local councils across Sydney and Wollongong will lose the power to consider development applications worth $5 million or more under new rules mandating Independent Hearing and Planning Panels (IHAPs). It is reported that the move to implement compulsory IHAPs is intended to stamp out corruption, as the process of assessment and determination for high value, […]

Macquarie mega-lot may make more millionaires

Macquarie mega-lot may make more millionaires

A “mega-lot” has been offered at Macquarie Park in Sydney’s north, following the lead of an adjoining block that generated close to $80 million last month and made owners instant millionaires. The SMH reports that neighbours at 12-14 Lachlan Avenue and 13 Cottonwood Crescent are set to try their luck on the property market, with […]

Chinese foreign investment drops 69%; Singapore takes over as biggest investor in Australian property

Chinese foreign investment drops 69%; Singapore takes over as biggest investor in Australian property

While capital inflow from China to Australian property is slackening, Singapore has emerged as the country’s largest foreign investor. The SMH reports that, compared with the first half of last calendar year, Chinese investment in Australian real estate fell 69 per cent. New rules from China’s State Council has influenced the descent, with overseas casinos […]

Parramatta’s makeover continues with Auto Alley upgrade

Parramatta’s makeover continues with Auto Alley upgrade

Parramatta’s stunning revamp into one of Sydney’s leading cities is set to continue, with a $225 million mixed-use project to refurbish the neglected former Auto Alley in Church Street given the go-ahead, the SMH reports. The project is part of an $876 million South Quarter development by the Dyldam​ group, adding to the already $6 billion-plus […]

Darlinghurst’s character evolves, housing prices soar following gentrification

Darlinghurst’s character evolves, housing prices soar following gentrification

Once regarded as Sydney’s forbidden suburb following its reputation as a prostitution and drug haven, Darlinghurst has been reinvented as a metropolitan hotspot perfect for young professionals and urbane older couples. With intense gentrification of the area occurring at the turn of the millennium, the area’s median house price has jumped an astonishing 124 per […]