Hi All
liked the sound of this from today's SMH business section
"Currently NSW is supplying just one dwelling for every 4.7 person increase in population. That is by far the lowest level on record, and when you consider the average household size is circa 2.6 people it just doesn’t add up. The Sydney market flattened out from a capital growth point of view around 2003, when more than one dwelling was approved per person. Now it is less than one fifth of that.’’
Mr Freeman said even those rare investors who question Sydney’s capital growth prospects find it almost impossible to make a case against continued strong upward pressure on rentals and yields.
GO Siderneey
stuart
liked the sound of this from today's SMH business section
"Currently NSW is supplying just one dwelling for every 4.7 person increase in population. That is by far the lowest level on record, and when you consider the average household size is circa 2.6 people it just doesn’t add up. The Sydney market flattened out from a capital growth point of view around 2003, when more than one dwelling was approved per person. Now it is less than one fifth of that.’’
Mr Freeman said even those rare investors who question Sydney’s capital growth prospects find it almost impossible to make a case against continued strong upward pressure on rentals and yields.
GO Siderneey
stuart