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Federal election could signal housing market slump

Posted on 07 January 2013

This year’s federal election could have a negative impact on the housing market, according to some economists. A new report by business research and forecasting group BIS Shrapnel says property values in Sydney are likely to jump 6% after the election, while Brisbane will experience an 8% rise.
However, BIS has downgraded its growth forecasts for 2013, saying the timing of the election could result in a slump. In an interview with The Australian reporters Sarah Danckert and Nick Leys, BIS managing director Robert Mellor says that, once sentiment turns, it’s possible for things to get worse in the short term………………………………………..Full Article: Source


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