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Sydney set for ‘golden decade’ of housing growth

Sydney is entering a “golden decade” of housing growth, with no bubbles in sight, according to Stockland, one of the biggest residential developers in the country.

Chief executive Mark Steinert said the “gross” undersupply of homes will not see Sydney hit market equilibrium for at least another five to six years.

Speaking at the Committee for Economic Development of Australia (CEDA) function in Sydney on Thursday, Mr Steintert  said while affordability was definitely an issue, the undersupply of housing in Sydney and, to a lesser extent, Melbourne was “mission critical”.

 

Read more: http://www.smh.com.au/business/property/sydney-set-for-golden-decade-of-housing-growth-stockland-20150423-1mrwed.html

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.