Poll boost pumps up prop­erty

The Courier-Mail - Property - - REALESTATE MARKET WRAP - ALEX TIL­BURY

THE de­ci­sion by Prime Min­is­ter Mal­colm Turn­bull to pull the trig­ger on a rare July fed­eral elec­tion will pro­vide the Aus­tralian prop­erty mar­ket with a sig­nif­i­cant shot in the arm, ac­cord­ing to Raine & Horne ex­ec­u­tive chair­man, An­gus Raine.

Mr Raine said Aus­tralians were gen­er­ally wary of buy­ing or sell­ing a res­i­den­tial prop­erty dur­ing the lead-up to a fed­eral elec­tion.

“Gen­er­ally, whether we’re buy­ing or sell­ing, we tend to wait un­til the elec­tion is de­cided just in case there are any un­fore­seen sur­prises,” Mr Raine said.

“Now that the elec­tion has been called for July 2, this rep­re­sents the per­fect tim­ing from our point of view, as win­ter is typ­i­cally a qui­eter time for prop­erty sales.

“A July poll will en­able ven­dors to list their prop­er­ties in July and Au­gust, and it won’t af­fect their buy­ing plans through the tra­di­tional spring sell­ing sea­son.

“This de­ci­sion, while it mightn’t help real es­tate ac­tiv­ity dur­ing the two month elec­tion cam­paign, it will put ven­dors in an ex­cel­lent po­si­tion to meet their prop­erty goals by the time the tra­di­tional sell­ing sea­son be­gins in early Septem­ber.”

Mr Raine also cau­tioned against changes to nega­tive gear­ing or the cap­i­tal gains tax dis­count, which could po­ten­tially fall un­der the la­bel of ‘un­fore­seen changes’.

“Real es­tate in­vest­ment is a favoured as­set class by mil­lions of Aus­tralian vot­ers be­cause it is deemed safer than shares and eas­ier to un­der­stand than bonds,” Mr Raine said.

And good luck to the own­ers of 100 Oriel Rd, Clay­field who are sell­ing their home via ten­der which closes this com­ing Thurs­day through Sarah and Damian Hack­ett at Place.

This four-bed­room home on a su­per­sized 2034sq m pri­vate es­tate in the heart of Clay­field is be­ing of­fered to the mar­ket for the first time in 33 years.

This el­e­gant home also has a ded­i­cated cinema room, of­fice, cel­lar, a six car garage, a sparkling swim­ming pool, a huge wine cel­lar and a full-sized ten­nis court.

Our house of the week is 100 Oriel Rd, Clay­field. Place – Bulimba agent Sarah Hack­ett says this home is po­si­tioned within the highly de­sir­able, fam­ily friendly en­clave of Clay­field. Photo: Clau­dia Bax­ter

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