Sydney housing market stalls as election jitters sideline sellers

Sydney

BRIGITTE Blackman, a real estate agent in inner Sydney, says her property listings have slumped 20 per cent from last September's peak, and the phones at her Potts Point office are no longer ringing off the hook.

As Australia barrels towards elections on July 2, political uncertainty is weighing on the nation's A$6.4 trillion (S$6.4 trillion) housing market. With tax proposals from the government and opposition muddying the outlook for house prices, sellers are choosing to sit on the sidelines.