Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.
Two pieces of legislation have been introduced to NSW Parliament today. The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 has been introduced by Andrew Constance, Minister for Transport. The Treasury Legislation Amendment (COVID-19) Bill 2020 has also been introduced by the Treasurer. The NSW Parliament has started debating legislation to put in place emergency measures for the COVID-19 crisis.