Grant Harrod, LJ Hooker CEO
The nation’s decision to re-elect Malcolm Turnbull’s coalition government for another term will have a positive effect on the Australian property market as consumer confidence returns and properties begin to hit the market.
Australians have been sitting on their hands while waiting to see the outcome of the historically long federal election before making a decision to list. This has seen eastern seaboard markets record extremely low levels of listings.
The stability of a familiar government and record low-interest rates will fuel the property market as we head into the busy spring selling season, which traditionally experiences an increase in properties on the market.
We expect to see a strong last six months of the year with buyers heading out in force looking for well-maintained and well-priced property.
This is a great opportunity for savvy sellers ...