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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Sydney farmland to alleviate housing shortage

By Staff Reporter
23 July 2009 | 1 minute read

In a bid to ease Sydney’s housing shortage, farms and rural lands will be carved up into at least five new suburbs.

The state’s planning minister Kristina Keneally yesterday revealed the government’s push to re-zone 3,300ha in The Hills, Blacktown, Liverpool and Camden to create new suburbs.

However real estate agents fear the subdivided land, which would sell for $200,000 a piece, would not be built with enough sewerage, power or roads.

Sydney farmland to alleviate housing shortage
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.