City Plan Executive Director, David Ryan, responded  recently to the release of the RBA’s discussion paper “The Apartment Shortage”, which suggests that apartment supply is being restricted by planning regulations and this in turn has a large effect on property prices. David’s view is that whilst complex, the NSW planning controls are only a marginal factor in price and property prices were much more the result of commercial factors than of regulations. If you would like further advice on planning controls and valuation, please do not hesitate to contact David or one of our other experienced Directors.

To view the article and David’s comments visit the domain article “You’re not paying $355,000 too much for your Sydney apartment: planners”