I just edited you into my comments.
(Which I did before I saw your reply).
Register a free account today to become a member of the world's largest Rugby League discussion forum! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
Here's a very recent picture of Parramatta, with the new Altitude building almost complete.
You can see that the removal of seats has begun (south terrace and Cronin Stand).
This view of the city will look very different in 3 years time, with multiple similarly tall skyscrapers finished and a new stadium in place.
In fact, Altitude will be almost blocked from this view by the currently under construction Riverside development, as seen in the 2nd photo.
And, just for Twiz, there's the cricket field (Old Kings Oval) on the right of the stadium.
Also, we can see that our resident groundsman has left the site. The pitch looks awful without his care.
Another dig at poor Brett Kenny.....
Property analysts issue warning over Parramatta apartments
Aidan Devine
16 Jan 2017
APARTMENT hunters have been warned to be “cautious” if considering buying units sold off the plan in the Parramatta CBD.
Real estate analysts claim the market shows signs of being oversupplied with apartments.
Oversupply is known to push down prices and increase the risk of new buyers owning properties worth less, when built, than they were purchased for.
Hotspotting director Terry Ryder said developers were initiating a stream of new apartment projects, despite a trend of falling sales volumes in the area.
There were about 130 unit sales in the region over the most recent quarter and even less in the quarter before that — almost a third of the levels recorded in 2013, Mr Ryder said.
“Buyer activity is dropping,” he said.
“There is already a pattern of decline in sales but supply is still increasing. It’s a very dangerous combination.”
Developments include the $250 million Riverside Tower, pictured in an artist’s impression.
A sign of the imminent oversupply is that Parramatta already has Sydney’s highest proportion of vacant rental properties, Mr Ryder added.
BIS Shrapnel analyst Angie Zigomanis said Parramatta’s supply of new housing projects was well ahead of demand from buyers.
“Parramatta is a large employment (hub) but demand is not at the level of the Sydney CBD to justify the pipeline of projects,” he said.
Projects like Starryland’s Promenade No2 (pictured) have attracted strong interest from buyers but sales volumes have been declining across Parramatta as a whole.
BIS Shrapnel projections showed Sydney’s median unit price, which is weighted by market performance in all city regions, would grow 1 to 2 per cent this year.
Parramatta unit prices, on the other hand, would likely end the year cheaper than they are now.
Demand for the area’s detached housing stock would be much higher, relative to the level of supply available, Mr Zigomanis added.
Apartment oversupply issues aside, Parramatta has a lot of strengths as a property market.
Population growth is high, a raft of infrastructure upgrades are being proposed and surrounding areas within Parramatta’s orbit such as the Hills District are becoming more popular due to new transport links.
“Unfortunately, as so often happens in markets where growth factors are identified, too many developers rush in to build units at the same time, creating a glut,” Mr Ryder said.
