The key to Sydney’s future development lies in dealing with infrastructure issues
Sydney has to achieve growth and expansion for the sake of future generations writes Martin Bregezzo in a new article for the Property Observer. There have been several promises as how easy and affordable it is to build half a million new homes. But the reality is very different. The current average of 17,290 dwellings being constructed annually over the past 5 years is nowhere enough when the actual figures should be somewhere near 25,000 dwellings per year.
Government and Public departments must put in accumulative efforts in building the foundations of proper infrastructures to enable Sydney’s future growth.
- Making approval processes move faster.
- Bringing a common point in order to handle local affordability for various sections of the market.
- Reducing LGAs.
- Complete removal of developer and transaction tariffs.
- High density clustered around transport nodes is an integral element of successful urban development.
- In order to achieve human right to shelter for the future generations, re-evaluation of community participation in providing approvals is important.
- Government role must be strengthened and corrected in view of the current land acquisition process.
Planning in the interest of the people is the only option in Sydney’s future development. The infrastructure must be available for the people and communities (including those living in marginal borders of Sydney) and it needs to be planned for and addressed now.
Read the full article here.
Carli Ziri, the director of Lifestyle Property Agency, is frequently asked by his clients whether to furnish or not to furnish the investment property they just bought. The choice actually depends on the investor’s preference. However, Ziri points out that before making a decision, you need to compare which of the two choices is more beneficial.
When times are good, we start exercising selective memory, obliterating anything bad that had happened to us. This may not be a good idea. Michael Yardney for the Property Observer says that we will do well to learn a few things from the last property downturn. Let us talk about the five property investing lessons Yardney talks about:
Buyer momentum and seller confidence is both near its peak with Australia giving various optimistic signals in the property market. The historical barometer suggests that low interest rates have always evoked maximum response from the buyers. Australian Property Monitors (APM) is already showing a 1.5% escalation in its median prices with Gold Coast reporting the highest escalation of 2.2%, says Larry Schlesinger for the Property Observer.
Vendor discounts have dropped considerably providing sellers with many reasons to laugh. Additionally, the property prices are on a rise, interest rates are pretty stable and Australia is looking at a very high auction clearance phase lately. Charlotte Cossar for Realestate.com.au says that this might just be the time for you to put up your house on sale.
