_What the NSW election result means for the state’s property industry

After what feels like a year of more negative than positive news, it is welcoming to have some consistency and stability for the property industry in Sydney and across the state following the re-election of the Liberals in NSW.

If Labor had won it was unlikely that a number of key projects, such as The Northern Beaches Tunnel, Sydenham to Bankstown rail link and the metro line extension, would be going ahead. There is now some certainty that these projects will be going ahead. There will also be more consistency in the planning policies and processes in NSW - something which is desperately needed. 

With so many projects on the cusp of being delivered, this infrastructure is needed to support these developments. It is really exciting that we will now move forward with some certainty on the delivery of these infrastructure projects, which create huge opportunities for the NSW property industry as a whole. 

Whatever happens in the global economy, Sydney is in the process of presenting itself as a dynamic growing city with huge infrastructure spending, the Western Sydney airport, a growing population and a more consistent planning process. This combined with the already positive attributes of Australia as an investment destination and a relative ‘safe heaven’ on a global scale is likely to continue to attract capital into our city. 

Please get in touch:

Richard Horne
Partner,
Head of Retail & New South Wales
+61 2 9036 6622
richard.horne@au.knightfrank.com