Whims a shadow zealot get a happy about a construction boom boom prophecy, some a construction company face the tough one. It a wonder how mouse can keep a finance together when a business fail
Funny to read the bears at the beginning of this thread in 2011 (raveswei, Terry/Catweasel, earthsta, schooner, wisebear, yossarian etc.) all mocking my Sydney boom prediction.
Apartment density of the scale seen only in pockets of New York or Hong Kong but greater than anything in Singapore is being planned for inner Sydney by the state government, according to an alarmed City of Sydney Council.
The government is planning a precinct of 20 and 30-storey towers that would increase the density around Waterloo, where a new rail station is planned, to the equivalent of 70,000 people per square kilometre, the council says.
That would be more than four times as dense as the current densest area in Australia, Pyrmont, which houses 14,000 people per square kilometre. The Green Square area, which is already an emerging transport nightmare, is planned to house a comparatively modest 22,000 people per square kilometre.
Wages growth already started with site engineers been offered higher packages to start up on the huge infrastructure projects that are going to run for years and years.
Whims a shadow zealot get a happy about a construction boom boom prophecy, some a construction company face the tough one. It a wonder how mouse can keep a finance together when a business fail.
Many a media, zealot, expert and mouse only see what it a want to a see. Idea that a construction activity can impact a economy to do a big impact on a house price is the kind of mad as batshit if it ask a Catweasel (and no empirical the proof of a course)
The Almighty Lord Shadow proved right again. And Catweasel/Roddy gets it all completely wrong as usual.
The construction boom that kicked off in Sydney around 2011 is still going strong, and is set to become the biggest ever in Australia's history...
Biggest housing construction boom in Sydney's history on the way
November 19 2016
The next five years will feature the biggest housing construction boom in Sydney's history, according to forecasts released by the state government.
The forecasts predict almost 185,000 new houses and apartments will be added to the city by 2021 – about 85 per cent more properties than were built in the previous five years.
Pressure on Sydney's already-stretched housing and transport needs are a "symptom of Sydney's success", says NSW Planning Minister Rob Stokes.
The Department's forecasts are based on development that is already under construction, developers either approved or being assessed, and land rezoned for residential purposes.
If the forecasts do come to fruition, the next five years will surpass a period between 1968 and 1973 – when apartment construction had been fuelled by the introduction of the strata title system – as the largest increase to Sydney's housing supply in its history.
The expected population increase, and the resulting demand for new dwellings, was one reason nominated by Mr Stokes for the coming construction boom not to result in an over-supply.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
I have got to say you do have an ability to understand the Sydney market.
Good luck. Peter
Shadow
30 Oct 2015, 01:16 PM
Funny to read the bears at the beginning of this thread in 2011 (raveswei, Terry/Catweasel, earthsta, schooner, wisebear, yossarian etc.) all mocking my Sydney boom prediction.
Again well done, but. Foxbat has called the top of Sydney.
So good luck.
Peter
There is no cure for high prices like well high prices.
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