Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
Sydney housing supply to rise with govt sales

Sydney housing supply to rise with govt sales

The NSW government will sell vacant crown land with the potential to deliver more than 100 dwellings in Sydney.

Government Property NSW is managing the sale of three vacant residential sites on the north shore on behalf of government agencies.

The sites are a high-density residential development site in Lane Cove North; a medium-density residential development site in Willoughby; and seven lots in Wahroonga that will be sold in one line.

Advertisement
Advertisement

Proceeds from these sales will be reinvested back into government agencies.

Government Property NSW chief executive Brett Newman said the government was selling the land because it wanted to reduce its non-essential assets.

The vacant sites are being marketed for sale by Knight Frank and will go to auction on 5 November.

Sydney housing supply to rise with govt sales
mortgagebusiness

 

Latest News

Interim CEO of BOQ Anthony Rose has told ASIC that the revised responsible lending guidance must remove incentives for lenders to lower stan...

Approximately 32 per cent of young Australians expect to purchase a home in the next five years. However, their aspirations are not driving...

Impact of moderating house prices and the conversion of a large number of interest-only loans on delinquencies will be “limited” in the ...

FROM THE WEB
podcast

LATEST PODCAST: Results season rolls on

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.