If you are resident in Dubai, you would know that the housing market is one of the hot topics currently. There has been news that in 30 years, the city expects to see a housing scarcity and as a result of this, the population of the city will drop as well. The chronic housing problems of Sydney are presently a huge problem and builders in the Sydney area would need to fight together so that they can investigate and solve the problems that the housing markets are facing.
The government has a target of new home construction level for Sydney set at 25,000. Presently, Sydney's homebuilders are finishing around 9500 homes per year, which is well below the average of 17,500 per year that the city used to produce. The low percentage of homes which are being built in the area is a significant problem which must be faced.
With Sydney expecting to develop by 21% in the following 4 months, if you're looking to buy a home in the area, now is the time to do it. The cost of building a house or finding a home which is already built is predicted to become too high for most average families to afford. The government of Sydney has been offering incentives for residents to upgrade their homes or enter the housing market for the first time. Its these incentives which are causing the expected growth in the housing market.
Though, the government has failed to spend money on the infrastructure of the city. This means that whilst the return to the housing market has been wonderful, the current market can't hold on as a result of the shortage of houses that in the city. The planning for the city has not been done well, presently there aren't adequate homes being built to hold the number of people who wish to purchase and own a home in Sydney.
Perhaps Sydney should look at Melbourne. It is predicted that in the next 30 years this would take over as the biggest city in the country. Whilst Melbourne has had fewer crises to cope with in their housing market, they have to be doing something right. The housing market in Melbourne has not had any problems and continues to grow at a steady rate; perhaps the government of Sydney could learn something from this.
The government has a target of new home construction level for Sydney set at 25,000. Presently, Sydney's homebuilders are finishing around 9500 homes per year, which is well below the average of 17,500 per year that the city used to produce. The low percentage of homes which are being built in the area is a significant problem which must be faced.
With Sydney expecting to develop by 21% in the following 4 months, if you're looking to buy a home in the area, now is the time to do it. The cost of building a house or finding a home which is already built is predicted to become too high for most average families to afford. The government of Sydney has been offering incentives for residents to upgrade their homes or enter the housing market for the first time. Its these incentives which are causing the expected growth in the housing market.
Though, the government has failed to spend money on the infrastructure of the city. This means that whilst the return to the housing market has been wonderful, the current market can't hold on as a result of the shortage of houses that in the city. The planning for the city has not been done well, presently there aren't adequate homes being built to hold the number of people who wish to purchase and own a home in Sydney.
Perhaps Sydney should look at Melbourne. It is predicted that in the next 30 years this would take over as the biggest city in the country. Whilst Melbourne has had fewer crises to cope with in their housing market, they have to be doing something right. The housing market in Melbourne has not had any problems and continues to grow at a steady rate; perhaps the government of Sydney could learn something from this.
About the Author:
Are you searching for professional home builders in Sydney? Planning to build a fabulous house for your family? Then look no further than HarbourCityHomes.com.au. HarbourCityHomes provides modern design work and competitive estimates ensuring an on time, on budget delivery of your project and they are one of the best Sydney builders .
No comments:
Post a Comment