NOVAK NEWS - WHAT'S REALLY STOPPING NEW HOMES? CLUE: IT'S NOT BUYERS
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NOVAK NEWS - WHAT'S REALLY STOPPING NEW HOMES? CLUE: IT'S NOT BUYERS
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About this listen
WHY NORTHERN BEACHES PRICES KEEP RISING 📈🔥
Less land. Fewer builds. Developers stepping back.
And the DA numbers prove it 👇
DA LODGEMENTS — THEN VS NOW:
🏗️ 2020–21:
• 213 new dwellings
• 140 secondary dwellings
🏗️ 2024–25:
• 171 new dwellings
• 86 secondary dwellings
That’s a massive drop in supply — and it’s exactly why prices aren’t slowing down.
Developers are cautious, construction costs are up, the maths isn’t “mathing”… and even if they can build a duplex, many won’t.
Meanwhile, off-the-plan is shining ✨
Limited stock. Established suburbs. Strong demand.
(And yes… 6 people in our office have bought off-the-plan themselves 👀)
Less supply = higher prices.
It’s as real as it gets on the Northern Beaches.
#MorningMinutes #NovakProperties #NorthernBeachesRealEstate #PropertyChat #DAApprovals #OffThePlan #SydneyProperty #NorthernBeachesLiving #PropertyMarket2025