Page 7 - ப்ராபர்டீ சபை ஆஃப் ஆஸ்திரேலியா News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Property Council latest results praise resilience shown by Sydney CBD
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Lease incentives on the rise as competition for tenants hots up
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Centuria Office REIT benefits from being on the fringe
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Many in construction are still required to keep off the tools. (Christophe Gateau, picture alliance via Getty Images)
The New South Wales Government may have given the green light to the construction industry to recommence work again, but there are some major restrictions that will hamstring it further.
Projects in eight of the LGAs most affected by the COVID-19 outbreak will remain on pause while workers from those areas won’t be able to recommence work, making up roughly one in three of Sydney’s total.
With the freeze already expected to have wiped 15% off construction activity this quarter, the economic impact is expected to be protracted while restrictions remain.
Property Council Welcomes NSW Construction Restart
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