Sydney Housing Market Stalls Over Election Jitters

  • Property listings fall 3.6 percent amid policy uncertainty
  • Turnbull says Labor plan to end tax perks will see price slump

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

As Australia barrels toward elections on July 2, political uncertainty is weighing on the nation’s A$6.4 trillion ($4.7 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…

Sydney Housing Market Stalls Over Election Jitters

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