W ealthy Sydney areas, including the eastern suburbs and the north shore, are expected to experience a building boom of mid and high-rise units, thanks to the NSW government’s transport-oriented development (Tod) zones .
But developers say the policy could lead to a slowdown in development in other, less affluent, parts of Sydney, as companies chase high returns from more expensive apartments.
Of course, more apartments – anywhere – are generally welcomed . But will the Minns government’s plans benefit first home buyers struggling to enter the market?
Is NSW meeting its housing targets?
The premier, Chris Minns, has talked about turbo-charging housing construction and lowering prices for young people, so they stop leaving NSW for other states. But in September, there were some dep