Archive for June, 2014

Building boom hits Western Sydney

The construction of new dwellings is booming in Western Sydney, recently released figures show.

New South Wales’ Department of Planning and Environment put forward numbers showing that 100,000 new homes have been built in the area since 2011.

This number is set to grow even further, with the NSW government rezoning or releasing another 6,600 homes in suburbs across Sydney for precinct … Read more »

Sydney trials measures for a cooler city

Sydney is trialling a bold new strategy for reducing temperatures in urban areas, which could boost liveability in the rapidly thriving city.

The City of Sydney is installing lighter-coloured pavement in the inner-city suburb of Chippendale, which includes a 600 square metre section on Myrtle Street. The process will involve filling open grade asphalt pavement with concrete slurry, lightening the colour of … Read more »

Aquatic centre and park planned for Sydney’s Green Square

Two new planned additions to Green Square stand to improve property values in the already vibrant urban development.

The City of Sydney recently held a competition to determine the design of a new planned aquatic centre and recreational park in the heart of Green Square.

Ideas included an urban beach, wetlands and a network of connected pools that could be rearranged. Out of the … Read more »

Sydney health infrastructure receives huge investment

Sydney has made a major gain from the recent New South Wales state budget, with a major improvement to its health sector in the works.

The construction of five new ambulance station hubs is planned to take place across greater Sydney, a project that will cost $150 million in total. An initial burst of $24 million of funding will come from … Read more »

Public transport in Sydney set for overhaul

Major plans are in the pipeline for Sydney’s public transportation system. New rail and light rail projects are set to ease congestion in the city and make life easier for tens of thousands of commuters.

One of the projects proposed to improve liveability in the Harbour City is a 30km Sydney Rapid Transit rail network, which will add an extra rail … Read more »

Housing industry positive on NSW budget

Industry leaders have praised the recent New South Wales budget for focussing on building growth on the back of the rising construction market.

The Housing Industry Association (HIA) in particular singled out the budget’s raising of the First Home Buyer Scheme’s upper threshold from $650,000 to $750,000, a measure it had requested for two years, according to a June 17 release. The new … Read more »

Sydney comes out on top among other capitals

The latest market update from RP Data indicates that the Sydney property market is still going strong.

Of the 2,108 auctions held across Australia’s capital cities in the week to June 19, a significant share were centered in Sydney – 798. Sydney maintained a respectable clearance rate at the same time, with 69.3 per cent of properties on auction being sold.

Sydney’s … Read more »

Strata reform bill delayed at behest of stakeholders and industry

The New South Wales government has listened to the people and chosen to delay its strata reform bill, which was supposed to have been passed early this year.

The reform has largely been postponed due to the concerns of stakeholders and industry members. When the strata reform bill was first released last November, stakeholders, industry body Strata Community Australia and the … Read more »

Tenants to find opportunities in Sydney

The latest Real Estate Institute of New South Wales (REINSW) Vacancy Rate Survey has good news for anyone planning on moving into the city.

Residential vacancy rates in the Harbour City rose for a second consecutive month according to the May 2014 survey. Properties available for rent grew by 0.2 per cent to reach a total of 1.9 per cent.

Middle Sydney … Read more »

Solar Sydney one step closer to becoming a reality

A future solar Sydney looks to be an increasing possibility, with the Harbour City seeing an expansion to its roll out of solar facilities.

The 80-year-old, City of Sydney-owned King George V Recreation Centre has been fitted with 222 new solar panels on its roof, the largest solar project of its kind in the country and the 18th site to be … Read more »