Archive for March, 2014

Planning software offers opportunities for investors

As Sydney sellers find themselves in a favourable position with increasing demand for homes, the state government has announced extra funding to speed up the planning process.

A cool $1 million for dwelling approvals

A statewide grant was announced on March 25 by New South Wales Planning and Infrastructure Minister Brad Hazzard.

Local councils will be eligible for a share of the $1 … Read more »

Obvious demand for affordable housing

A $33 million affordable housing project highlights the pressure on Sydney’s property market when it comes to housing supply, while showing favourable outcomes for low to moderate income households.

The North Eveleigh affordable housing initiative has entered the development stage and is expected to be completed by December 2014, according to a March 25 statement.

Offering a lifestyle

As more people settle on Sydney … Read more »

Foreign investment puts pressure on, planning changes needed

Australia is proving itself when it comes to property, coming in at the second-most attractive country for investment among cross-border investors, according to CBRE’s Asia Pacific Investor Intentions Survey 2014.

Sydney was the third-most popular city for cross-border investment, after only Tokyo and Shanghai.

It’s clear that the city is a drawcard for foreign investors, with fantastic transport infrastructure in place as … Read more »

Sydney proving itself with award-winning city planning

The $8.3 billion North West Rail Link (NWRL) project that’s reinvigorating Sydney’s north-west has scooped up a major award, according to a March 20 statement from the state government.

The Planning Institute of Australia (PIA) presented the NWRL team with the Public Engagement and Community Planning award, recognising the thorough engagement process it led with the local community.

Getting it right

“From the planning … Read more »

Rail extension opens, on-peak services every 10 minutes

The Inner West Light Rail Extension project is a major addition to Sydney’s transport landscape, making travelling to and from inner-western suburbs a breeze.
Worth $176 million, the project’s significance certainly cannot be doubted and the community will be offered far more frequent light rail services, making their commutes and journeys much easier.

The time has arrived for Sydneysiders to use the … Read more »

Faster Approvals May Encourage Investors to Renovate

The New South Wales government has seen success with its complying development process, which is a fast-track route for dwelling approvals.

A growing number of home builders and homeowners have been accessing fast-track approvals, according to a March 9 statement from Minister for Planning & Infrastructure Brad Hazzard.

Complying development made up an impressive 25 per cent of housing approvals during 2012-2013, … Read more »

Strata development expected to accelerate

Strata dwellings are increasing in popularity as young couples and families feel the squeeze when buying property in Sydney.

However, there are still opportunities for both home buyers as well as investors.

Shift to strata

“The escalating cost of buying real estate is forcing a greater proportion of the younger population into medium to high density living,” explained Real Estate Institute of New South … Read more »

Planned road link following tender great for Sydney residents

A new freight route is not only good news for significant parts of eastern Australia – it’s also set to reduce congestion in Sydney.

Transurban and Westlink M7 shareholders have reached an agreement with the NSW government regarding the delivery of the NorthConnex motorway following a tender process, according to a March 16 release from the state government.

This will result in easier … Read more »

Homeowners-turned-investors are buying property in droves

The latest research from CommBank may pique the attention of Sydney homeowners looking to secure the right tenants and maximise their rental yields from an investment property.

A massive 47 per cent of home buyers either intend to purchase or recently purchased an investment property, according to a February 27 media release from CommBank.

This could demonstrate increasing confidence in the Australian … Read more »

Solar panels increasing in popularity

More Australians are adopting solar panel technology at home, according to figures released by Roy Morgan this month.

Data shows almost one in six Australians have solar panels installed, and the benefits are twofold.

Not only are long-term cost savings a drawcard for having solar technology, but the panels are considered an environmentally-friendly option too.

More people seeing the light 

Between the March quarter … Read more »