Mar­ket ‘will re­cover af­ter elec­tion’

Port Douglas & Mossman Gazette - - FRONT PAGE -

THE prop­erty mar­ket will re­cover af­ter the Septem­ber fed­eral elec­tion, Aussie Home Loans en­tre­pre­neur John Sy­mond has pre­dicted at a national real es­tate con­fer­ence. Mr Sy­mond said the com­bi­na­tion of bot­tomed out prop­erty prices and his­tor­i­cally low in­ter­est rates had cre­ated the per­fect en­vi­ron­ment for a re­cov­ery - the only miss­ing in­gre­di­ent was con­fi­dence. ‘‘If you want to pick a time to get into hous­ing, you can’t get a much bet­ter time than now,’’ Mr Sy­mond told more than 3000 agents at the Aus­tralian Real Es­tate Con­fer­ence on the Gold Coast.

‘‘We have the low­est in­ter­est rates on record, which may even go a lit­tle lower, and we have seen the hous­ing mar­ket bot­tom, while there is ev­i­dence right around Aus­tralia that prices are in­creas­ing.’’

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