ERROL PARKER | Editor-at-large | Contact
House prices in Sydney are in dire need of a kickstart as the market stagnates in the economic quagmire of the spicy cough recovery.
That’s according to the Federal Government today who announced the international travel ban has been lifted on New Zealand, which they hope will expose Sydney to new buyers and increased competition.
For the time being, Australians aren’t allowed to visit New Zealand without spending the required two weeks in the Hilton Prison.
Estate agents in Sydney have been calling on the government to support them through the most challenging time in recent memory and by the looks of things, one agent says, it seems like the government is starting to listen.
“Our clearance rates across the Harbour City have been down in the past few weeks,” they said.
“Down from about 94 to about 90 percent, which for us is pretty much the apocalypse in professional terms,”
“It’s great the government has done something to kickstart the real estate market in Sydney. It’s the lifeblood of the NSW economy, which also means it’s the beating heart of the Australian economy.”
More to come.
