Tuesday, 26 June 2012

Region. Housing development

The state government has conceded it has little hope of shifting half of Sydney's new housing developments from established suburbs to the city's fringe, according to The Sydney Morning Herald. Planning Minister, Brad Hazzard, says the market will decide where new homes are built, which is increasingly in established suburbs. The latest census results confirmed Sydneysiders' appetite for living closer to the city is growing. The chief executive of the developer lobby group Urban Taskforce, Chris Johnson, said demand was greatest in the inner ring of suburbs stretching from Hurstville to the south, Strathfield to the west and St Leonards to the north, and that people were increasingly willing to trade size in favour of location.



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