Do you agree with John McGrath who tips a pick-up in property market confidence after the federal election?

Do you agree with John McGrath who tips a pick-up in property market confidence after the federal election?
Do you agree with John McGrath who tips a pick-up in property market confidence after the federal election?

Confidence in the property market will grow at a more rapid pace after the federal election says McGrath Real Estate Agents chief executive John McGrath.

That’s provided there is a decisive victory for either the Coalition or the Labor Party.

McGrath says he agrees with the views of Aussie Home Loans founder John Symond, who said at the recent Australasian Real Estate Conference on the Gold Coast that “most Australians will feel they have a government that can make decisions in their own right and that will boost confidence”.

McGrath said the business sector would benefit the most following the federal election and a “government that can govern in its own right” as part of blog for Switzer.com.au.

“Although consumer confidence is improving in our markets, business confidence is fluctuating and issues of national governance have a direct impact on this,” says McGrath.

McGrath believes the election will be a “game changer” particularly as it is scheduled at the start of the busiest spring selling season.

He expects the market will continue to improve between now and the election, with the recovery picking up pace once the election is over and the result known.

“There won’t be a huge spike in prices but we’ll probably see a change of pace and heightened urgency among buyers."

{module Do you think any decisive federal election result will contribute to a stronger property market?}

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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