According to The Australian Financial Review, prices for premium townhouses and low-rise apartments are set to climb by up to 10 per cent in 2020 as demand from affluent 'right-sizing' buyers outpaces supply, a Knight Frank analysis shows.
The consultancy firm found that the share of medium-density dwellings due to complete by 2022 nationwide, has fallen by nearly half (47 per cent) compared to the previous three years.
In Sydney, the share of medium-density homes under construction fell by 6 percentage points to 44 per cent of the total pipeline, with the lower north shore recording the sharpest drop of 41 percentage points to just 22 per cent.
"This shortfall will impact prices given the high demand," said Knight Frank’s head of residential research, Michelle Ciesielski.
If you want to read this article in Japanese, please see the following link:
Subscribe to our English Newsletter