Sydney housing market stalls as election jitters sideline sellers
Lack of supply as rival tax break proposals from govt and opposition muddy outlook for house prices
Mon, May 23, 2016 - 5:50 AM
New listings in Sydney dropped 3.6% in the four weeks to May 15 from a year earlier. Even the lowest central bank rates on record are failing to translate into investor confidence.
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...