How Australian Politics is Affecting the Property Market

Various industries can feel the burn of a National election campaign. Business and consumer confidence can spiral and markets begin to go quiet – the property market is no different. However, with the May election well and truly behind us, we can finally see some life back in the property market with CoreLogic’s monthly home value index showing a 1.6 per cent rise in the price of dwellings in Sydney, twice the national average.

“Sydney real estate agents said while the number of available properties was thinning, there was no shortage of potential buyers.

Since May, several factors have contributed to property prices rising and a return of confidence for homebuyers and sellers alike.

The Royal Commission into the banking sector concluded, resulting in an easing of lending criteria and expediated pre-approvals for potential first-time home buyers.”

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