Undersupply and Dwelling Constuction Costs to Raise Prices in Sydney
In an article for the website Your Investment Property, Phil McCarroll writes that the cumulative effect of various factors at work could see prices rising steadily in Sydney. The scarcity of residence-ready land and the hike in construction costs could enhance home prices a great deal.
Builders have evidently increased their margins and this has reflected on the cost of construction. Another thing worth noting is that unlike other capital cities, the on-market time in Sydney and Melbourne is pretty short.
You can read the original article here.