“Large Asian/local developers are both proving to be in this category when they never would have looked at boutique residential developments some 12 months ago.”
He added that another trend emerging to the benefit of developers is the inclusion of a retail component on the ground floor of new developments.
Ryan also revealed that “Crows Nest remains the most highly sought after location on the North Shore’.
The Department of Planning and Environment is carrying out a strategic planning investigation of the St Leonards and Crows Nest station precinct, which Ryan believes will lead to greater density.
He added: “In line with the introduction of the Crows Nest Sydney metro station, we’re seeing local property owners increasingly looking to amalgamate with one another to form an attractive land offering for residential developers.