The appeal of the Australian property market might take a hit next year for two reasons:
1. If Labor is elected mining investment will be hit. The response might take a few years to be felt because most advanced project investments are committed.
2. If the Liberals win they plan to reduce immigration to 170,000 from 300,000 currently. The implication is that housing demand will be weaker, and thus property prices more subdued than they otherwise would be in the cities.
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AuthorAndrew SheldonApplied Critical Thinking | www.SheldonThinks.com