Sydney prices set to soar as state fails to meet housing demand

Smart Property Investment | TheAdviser | Nestegg – 

Data collated by the Urban Taskforce, a body of property developers, has suggested that the NSW Department of Planning Industry and Environment (DPIE) is basing housing stock levels on outdated stats.

According to Urban Taskforce, DPIE Housing Demand forecasts are based on the Greater Sydney Commission’s (GSC) 2016 numbers – which found that the number of new homes in Greater Sydney needed to be 725,000 (36,000 per year) between 2016-2036 to meet demand.

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