Posts Tagged ‘Developers’

High rents fuel NSW granny flat boom

Granny flats are becoming increasingly popular in NSW with high cost rents forcing more and more adult children to remain at home.

Applications to NSW councils for new granny flats increased to 1521 in 2009/10 compared to 1365 in 2008/09.

The figures, released by NSW Planning’s Local Development Performance Monitoring Report, show a growing trend across the State.

Climbing rents, particularly in Sydney, are forcing adult children to stay longer in the family … Read the full post »

Developers and Investors Take Note

A master plan to cater for a forecast 40 per cent jump in Sydney’s population by 2036 has been unveiled by the New South Wales Government. The plan is based on projections that the population in the nation’s biggest capital will grow from 4.28 million in 2006 to nearly six million in 25 years. And the number of Sydney homes will increase from 1.68 million in 2006 to 2.45 million … Read the full post »