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Waterloo’s Over Station Development Ramps Up

Waterloo’s Over Station Development Ramps Up

The planning process for development over the new Waterloo Station in Sydney’s inner south has shifted into its next stage. Sydney Metro is seeking approval for proposed development above the station site having received planning approval for Waterloo station in January last year. A number of building options have been investigated for the transit-oriented development,…

The areas in Sydney and Melbourne most at risk of apartment oversupply

The areas in Sydney and Melbourne most at risk of apartment oversupply

Analysis from Citi shows the Melbourne CBD is most at risk of apartment oversupply. While Sydney has more regions deemed at-risk, oversupply concerns aren’t as heightened as the key Melbourne trouble spots. The bank said new apartment approvals are likely to still exceed underlying demand until 2020. Analysis from Citi shows the areas in Sydney…

Apartment Prices in Sydney Will Drop 8% in 2019: Report

Apartment Prices in Sydney Will Drop 8% in 2019: Report

Apartment values across Australia are expected to plummet by the end of 2019. According to finder.com.au, prices along the east coast are predicted to fall as much as eight per cent by the end of next year with Sydney’s apartments expected to be the hardest hit. The negative sentiment was shared by a panel of…

There are Now More Apartments than Offices in Central Melbourne

There are Now More Apartments than Offices in Central Melbourne

Residential accommodation has surpassed office space in Melbourne’s municipality as the largest use of floor space, according to the latest data from City of Melbourne. The report shows there was almost 1.7 million square metres more in residential floorspace than office floorspace last year. Lord Mayor Sally Capp says the change is noticeable as Melbourne’s…

Apartment construction in Australia is tanking

Apartment construction in Australia is tanking

Activity levels across Australia’s construction sector improved for a 19th consecutive month in August. While overall activity levels improved, they deteriorated among a majority of sectors, particularly for apartment builders. Experts don’t see the outlook for residential construction improving anytime soon.   Activity levels in Australia’s construction industry continue to improve on the back of…

Neighbourhoods are changing, and as a result, so are your neighbours.

Neighbourhoods are changing, and as a result, so are your neighbours.

The recently released Australian National Strata Data Report 2018 prepared by Easthope, Buckle and Mann from the City Futures Research Centre, UNSW provides many fascinating insights into the demographic makeup of Australian strata living. While some people may be surprised to hear that more than 9% of the Australian population now resides in a strata…

Apartment living is a big business!

Apartment living is a big business!

Guess how many people live in apartments in Australia. Actually, you don’t need to – it’s just over 2.2 million and a smidge less than 10 per cent of the whole population, according to a fascinating report from the City Futures Research Centre of UNSW. Dig a little deeper into the Australian National Strata Data…