While it is true that a number of apartment blocks have been approved in and around the Sydney CBD. Matusik produces the hard numbers to show that in financial year 2014 a grand total of 6,793 approvals were granted for new housing starts in Sydney's inner suburbs.
This in a city such as Greater Sydney where the total population growth is likely to end up being around 85,000 new heads for the financial year.
Did you know that across Australia the greatest number of of capital city dwelling approvals took place in the outer and fringe suburbs, while well under a quarter of capital city approvals were in inner suburban locations?
Supply and demand imbalances abound.
I get two per week landing in my inbox.