Sydney's property dam is about to burst

More overseas-funded investment and an easing in planning constraints represent a significant reversal in the trends that drove Sydney and Melbourne property prices sky high.

New ingredients are emerging that look set to generate a surplus of apartments in Sydney in two or three years – the first time that has happened for a long time.

The two new ingredients are the emergence of Chinese developers and a looming change of attitude by local councils and planning authorities.


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