What I took from that....
"The wrinkle in this boom is that so much of the work is on towers rather than the detached houses once so beloved by Australians."
So the bulk of approvals are inner city towers. This means be cautious if buying inner city apartments.
No changes to the ripple of Sydney money moving down the coast in my area. No change to fundamentals of well located small complexes in desirable locations
No change to fundamentals of freestanding homes in growing population areas.
If people blindly buy inner city towers without doing their maths they will pay the price.
"The wrinkle in this boom is that so much of the work is on towers rather than the detached houses once so beloved by Australians."
So the bulk of approvals are inner city towers. This means be cautious if buying inner city apartments.
No changes to the ripple of Sydney money moving down the coast in my area. No change to fundamentals of well located small complexes in desirable locations
No change to fundamentals of freestanding homes in growing population areas.
If people blindly buy inner city towers without doing their maths they will pay the price.