EXPECTATIONS of price growth among NSW property professionals have sank to the lowest level on record amid the ongoing downturn in Sydney’s housing market.
The latest ANZ/Property Council survey of the real estate industry showed confidence in the NSW property sector nosedived over the past year.
There was also a particularly sharp drop in overall confidence in the industry over the past three months.
Among the biggest changes in the three month period was to the industry’s confidence in capital growth.
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