Fear grips Parramatta apartments

Advertisement

By Leith van Onselen

Amid fears of a looming oversupply, developers are now abandoning proposed apartment projects in Parramatta in Sydney’s west. From The AFR:

A total of 2707 apartments across seven projects under construction as well as 1100 units approved for development make two to three years’ supply of housing in the western hub, 20 kilometres from Sydney CBD.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.