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BIS Shrapnel Releases Apartments In Sydney Market Brief

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BIS Shrapnel has released its Apartments in Sydney Suburbs Market Brief, with a major finding that off-the-plan apartments are experiencing significant demand in Sydney's inner suburbs.

Sydney's deficiency of dwellings has underpinned the market upturn, with a collapse in dwelling completions between 2006/07 and 2011/12 creating a large housing deficiency by the end of 2012. With the combination of this deficiency and lower interest rates, new dwelling completions have grown from 8,400 in 2011/12 to 33,400 in 2014/15.

BIS Shrapnel found that both overseas migration and a record low net interstate migration outflow has continued to sustain this deficiency despite the rising supply of dwellings.

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Article originally posted at: https://https://theurbandeveloper.com/articles/bis-shrapnel-sydney-suburbs-brief