The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
Real EstateStaff WriterWed 14 Jan 15

Experts Say Western Sydney Suburbs Set For Big Boom

5

Experts have said that Sydney’s property boom may be over this year, with data convincing experts that 2015 will be far more moderate than 2014.

The Real Estate Institute of NSW says property price growth in Sydney is likely to be between 3 to 4 per cent this year, which is a lot lower than the 12.4 per cent spike in 2014.

It is off the back of statistics released today showing a drop of 0.7 per cent in the number of new home loans approved in November.

Investor loans also slumped - by 2.2 per cent. The drop is significant, because it is investors that have really been driving the housing boom in Sydney.

According to 9News Sydney really is a tale of two cities, because the western suburbs are set to outstrip the inner suburbs in terms of growth this year.

Malcolm Gunning of the Real Estate Institute of NSW told 9News, "The western suburbs are where a lot of the job growths are and I suggest that that's where the best buys are going to be - west of Parramatta.”

Property developers should take note of this and be sure to look towards the Western Sydney suburbs for any potential developments in 2015.

ResidentialAustraliado not useConstructionPlanningPlanningSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
View All >
Sponsored

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
The 55-storey hotel and apartment scheme in Hyde Park has won planning committee backing, now awaiting state sign-off...
LATEST
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
3 Min
A rendering of the three-storey apartment project Arca by Red & Co at Stafford near Brisbane.
Residential

‘Confident’ Red & Co Starts Work on Stafford Apartments

Marisa Wikramanayake
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/experts-say-western-sydney-suburbs-set-big-boom