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Role of real estate reinforced as revenue records tumble

Date Time Role of real estate reinforced as revenue records tumble The recent budget highlighted the importance of real estate to the economy however a record-setting end to the financial year has reinforced the point: the property industry is the most important in the state – and it’s more important than it has ever been before, according to the Real Estate Institute of NSW (REINSW). “A month ago, when the NSW Budget was handed down, it was clear the real estate industry was rescuing the economy. However new figures show that the rescue effort has been even more profound than first realised,” REINSW CEO Tim McKibbin says.

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