There are signifi cant development plans for the Northern Precinct in coming years, however no development approvals have been granted, so in the short term an undersupply in the marketplace is anticipated. Pent-up demand for product within this precinct will also ensure an oversupply is not apparent when these new developments, for example Barangaroo and Gold Fields House, are released to the market. What does a dwindling supply level really mean to the consumer? In all likelihood a lack of supply will translate into further upward pressures on prices for apartments. The resale analysis has shown the resistance of the Sydney CBD apartment market with only 3%.
