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End of 2012 strong for housing completions in Sydney

On Apr 08 2013
Tagged as:
  • Residential Property


The McKell Institute released figures last week (April 5th) that show a continued trend of ...

The McKell Institute released figures last week (April 5th) that show a continued trend of increased housing completions in Sydney.

In the fourth quarter of 2012, almost 18,000 new houses were completed, up from less than 15,000 in the same quarter the previous year.

McKell's executive director Peter Bentley had this to say: "…it’s heartening to see two consecutive quarters of improved housing delivery and positive signs that we could see higher numbers in the future".

In order to ameliorate the housing shortage and meet the demand for new homes, the McKell institute states the need for 35,000 new dwellings in Sydney every year.

These figures account for progress made by councils throughout the city, but building is not just an endeavour for government departments.

Buying land and building your own home for a place to live or as a rental property is a genuine option for Australian property investors.

Building your own home is an appealing idea for many who like the control and creativity involved in making purchasing and construction decisions.

This choice does come with an array of considerations to be made for the first time buyer, as well as the experienced property investor.



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