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.

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 logo

Latest News

Philip Lowe, the governor of the Reserve Bank of Australia, has said that he is “incredibly disappointed” and “appalled” at the beha...

The major bank has appointed a new chief information officer to replace Dave Curren, whose retirement has also been announced. ...

Borrowers paying lenders mortgage insurance should be offered more choice and ASIC should intervene to safeguard their interests, according ...

FROM THE WEB

podcast

LATEST PODCAST: Cash rate to remain unchanged, corporate cops for the banks and a new type of credit card

Do you expect access to credit to get harder this year?