A high percentage of off the plan buyers on Parra are from mainland China. Shit has hit the fan over there with the Gov now not allowing punters to take cash out of the country. Developers are worried about purchasers being unable to complete.
Agents are canvassing residents here trying onsell apartments. Was speaking to a major agent today.
Good for locals to pick up something cheap but can you get investor finance. APRA has made it very tough.
Could you link your source for the bolded statement.
Even if it is true, there is still an affordable housing shortage in this city.
When was the last time you drove out to the north west Gronk?
Check out the thousands of houses or apartments being built in North Kellyville, Rouse Hill, Box Hill etc... at the moment. It's insane. Thank god the NWRL is being built. Road congestion is already on the undesireable side of insane.
The demand is still there from the 1600 residents coming into Sydney every week.
Tbh with you, I'm not quite sure where this demand will end with the current influx of residents.
Melbourne is worse and will overtake Sydney's population within 15 years.
If there will be a ghetto (f**king lol and stupid suggestion) somewhere, it won't be in Parramatta City Centre.