New housing developments

In July 824 private sector townhouses and appartments were approved in NSW, compared with 425 in June. The prime reason for the sudden increase was probably the halving of stamp duty for purchases below $600,000, introduced by the last NSW budget, and effective from 1 July to 31 December, giving savings of up to $11,000.
Although probably not very relevant in the Beecroft and Cheltenham areas, it is likely that the Northern Suburbs area of Sydney will see increasing ratios of appartments and townhouses from this refocussing of development.