25 Oct, 2023

Western Sydney Residential Development Overview

Issue 2

Western Sydney is projected to see a significant population surge of about 50,000 individuals annually until 2041, driven primarily by migration from Nepal and India. To support this growth, the region is focusing on increased housing and infrastructure. Sydney’s housing scenario faces challenges, with low vacancy rates and rising affordability concerns amidst high-interest rates. The demand for affordable housing in Western Sydney is pressing, and while past developments faced hurdles due to increasing construction costs, these costs are now showing signs of stabilization.

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