It’s hard to believe that Easter is here already. The year is flying through and we are all coming to terms with the economic conditions that are upon us.
Rental properties are extremely scarce and returns for landlords have increased significantly. This is bad news for tenants and the new reality is causing pain for many people. Demand for property in Sydney fuelled by immigration has ensured that we continue to sell homes although prices have remained steady in areas like the Eastern Suburbs and Lower North Shore.
The lack of infrastructure connecting Sydney to Regional cities like Newcastle is containing the population growth to the State capital. This has not assisted prices in Newcastle and other Regional areas and a real focus on growth and infrastructure provision throughout all of New South Wales from the State and Federal Governments is required. A bullet train between the two cities and an International Airport in Newcastle would stimulate enormous investment outside of Sydney and would provide housing and lifestyle options for thousands of people.
I would like to thank everyone for your support throughout the year so far and on behalf of Simon Turner, Christine Watson and the Marquette Turner team I wish you a very safe and enjoyable Easter.