Powered by MOMENTUM MEDIA
subscribe to our newsletter

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.

Advertisement
Advertisement

PROMOTED CONTENT


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

The major bank will develop an integrated remediation plan on all activities related to risk governance and report to APRA each quarter as p...

The total value of new loan commitments for housing and the number of loans for the construction of new dwellings have reached record levels...

The recovery in Australian house prices continued in November, with CoreLogic stating that house values look set to surpass their pre-COVID ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: What’s being done to support home building?

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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