BUILDING IN SYDNEY.

Auckland Star, Volume LV, Issue 115, 16 May 1924, Page 9

BUILDING IN SYDNEY.

Sydney ie changing , in appearancerapidly, more especially in the commercial centre. A boom is in progress, which includes the construction of many new buildings and the remodelling of so many others that many street fronts will be unrecognisable to casual visitors. During 1022 153 new building 3 were erected at a cost of £1,592,684. For the 12 months ended June 30, 1923, 179 new buildings, worth £1,621,486, were buijt. That record was easily eclipsed for the year ended December 20, 1923, with approximately 280 buildings at a cost of more than onp and three-quar-ters of a million pounds. Apart from commercial and other j buildings in the city proper ranjjii'g in individual cost from £125,000 to £450,----000. additions to the University build- | inge on the outskirts of the cjty will ;

1 involve an expenditure of £136,000, and the Royal Agricultural Society is spend-, ing £132,000 on the erection of a grandstand and industrial hall. The expansion of Sydney suDurnan areas during the past year has been phenomenal. Xew residential areas have been laid out in every direction. In the last boom year, ended .Tune, 1014, records show that nearly 10,000 buildings were erected within the metropolitan area at a cost of £6,929,-----004. The activities for 1923 are stated to exceed £11,000,000. In 1914 the average expenditure on each new residential building was £698. Lute records show that the cost has risen to £1030. That figure is considered excessive by many experts, j some of whom are inclined to attribute the high cost to the operation of comI bines controlling material and the action | of certain builders controlling construej tion costs. J I