PHOTO: Valuer Anna Porter says that often after a bushfire, buyers retreat for about six to 12 months.
Tourists have already deserted bushfire-hit regions of NSW including the Southern Highlands, Batemans Bay and the Blue Mountains and homebuyers are likely to do the same over the next 6 to 12 months as the fallout from the unprecedented fire season plays out in country and coastal hotspots.
In the usually busy end-of-year holiday period, hotel research firm STR said hotels within a two-hour drive south of Greater Sydney were just over half full. Room revenue plunged more than 30 per cent to just $102 a night.
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