The election is now over, and to the surprise of many, Scott Morrison will remain our Prime Minister.
So, how will the outcome of the federal election affect the value of your home and our property markets?
How will it affect our economy?
That’s what I discuss with Dr. Andrew Wilson, in today's show
Is it business as usual or will our property markets pick up now?
Listen in as we discuss:
- What to expect next for our real estate markets
- When the next interest rate movement is likely
- When our property markets are likely to turn
- Plus lots more.
The stability of government and the fact that there are no changes to negative gearing or Capital Gains Tax will encourage investors.
The market hates uncertainty, and the Coalition win should return confidence to our subdued property.
We began the year with two big stumbling blocks which have both been overcome.
- The Haines Royal commission into banking
- The Federal election
Now it’s time to get on with business as usual.
The timing of the bottom of this downturn will however depend upon the banks loosening lending restrictions and the timing of any interest rate cuts - the first of which seems likely next month and deliver a boost to our languishing markets.
You can watch a video of this discussion by clicking here.
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