Region. Approvals up in middle-ring suburbs

BIS Shrapnel expects building approvals for multi-unit developments in Sydney’s middle-ring suburbs to hit more than 65 per cent of total approvals during the next five years, and remain steady in the outer areas. The middle-ring suburbs from Hornsby through Parramatta to Sutherland are areas which buyers are targeting, according to the company’s MD, Robert Mellor. “In the outer-ring areas you have Blacktown to Penrith, Fairfield, Liverpool and Camden, for instance,” he said.