Emigrate to Australia: Sydney set for historic boom
21 November 2016 by News DeskEmigrate to Australia where the state government says Sydney is about to see the biggest housing boom in its history.
Emigrate to Australia to enjoy a greater choice of housing in Sydney where 185,000 new houses and apartments will be built across by 2021.
Over the coming five years the housing boom will see around 85 per cent more properties being built than were constructed in the previous five years.
Parramatta is forecast to witness the largest increase in housing with another 21,450 properties added to the council area, according to the forecasts by the Department of Planning and the Environment.
The next largest increases are in the City of Sydney council area, with 18,250 new dwellings; Blacktown, with 13,600 new properties; and Canterbury-Bankstown, with 12,200 new dwellings.
Rob Stokes, Planning Minister, said the spread of the new dwellings meant the perennial Sydney problem of creating new properties only on the fringes of the city was finally being addressed.
Emigrate to Australia: Sydney set for historic boom
The forecasts are based on development that is already under construction, developers either approved or being assessed, and land rezoned for residential purposes.
If the forecasts prove correct the next five years will surpass a period between 1968 and 1973 as the largest increase to Sydney’s housing supply in its history.
The estimate of 184,300 new dwellings in the next five years follows the construction of 100,650 homes in the five years between 2011 and 2016. Between 2006 and 2011, about 69,650 new properties were added to Sydney.
In Hunters Hill, Mosman or the Blue Mountains, minimal new homes will be built. Camden (11,800), Bayside (10,000), which incorporates Botany and Rockdale, the Hills (8350), and Cumberland (8850), which includes parts of the former Auburn, Parramatta and Holroyd Council, will also experience significant growth in the next five years.
The forecasts follow the Department’s prediction that the population of Sydney would grow by 2.1 million people in the next two decades.
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