While most economists are convinced that Sydney has reached its peak in the housing sector, stakeholders are convinced that Sydney can still thrive and accommodate investors, downplaying the notions that Sydney is “at capacity”.
Rodd Fehring, residential executive general manager at Australand argues that the current idea of Sydney is nothing more than just an excuse to avoid further investments in the capital city, citing that as Australia’s international city, Sydney was for a long period of time underinvested and unproductive. He urges the capital city to address these issues to ensure that it continues to perform.
He assures the nation that the media is exaggerating its claims and that Sydney has more than enough room to accommodate future investments.
Read more about this on the Smart Property Investment Online website.