The PROPERTY DOCTORS, Sydney Australia Novak Properties
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The PROPERTY DOCTORS, Sydney Australia Novak Properties
NOVAK NEWS - WHAT'S REALLY STOPPING NEW HOMES? CLUE: IT'S NOT BUYERS
WHY NORTHERN BEACHES PRICES KEEP RISING đđĽ
Less land. Fewer builds. Developers stepping back.
And the DA numbers prove it đ
DA LODGEMENTS â THEN VS NOW:
đď¸ 2020â21:
⢠213 new dwellings
⢠140 secondary dwellings
đď¸ 2024â25:
⢠171 new dwellings
⢠86 secondary dwellings
Thatâs a massive drop in supply â and itâs exactly why prices arenât slowing down.
Developers are cautious, construction costs are up, the maths isnât âmathingâ⌠and even if they can build a duplex, many wonât.
Meanwhile, off-the-plan is shining â¨
Limited stock. Established suburbs. Strong demand.
(And yes⌠6 people in our office have bought off-the-plan themselves đ)
Less supply = higher prices.
Itâs as real as it gets on the Northern Beaches.
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