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Podcast: The PROPERTY DOCTORS, Sydney Australia Novak Properties
Episode: NOVAK NEWS - WHAT'S REALLY STOPPING NEW HOMES? CLUE: IT'S NOT BUYERS
Description: WHY NORTHERN BEACHES PRICES KEEP RISING đđĽLess land. Fewer builds. Developers stepping back.And the DA numbers prove it đDA LODGEMENTS â THEN VS NOW:đď¸ 2020â21:⢠213 new dwellings⢠140 secondary dwellingsđď¸ 2024â25:⢠171 new dwellings⢠86 secondary dwellingsThatâs 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. S...