Property sales react well to Government re-election
29 October 2004
Real estate agents around Australia have recorded a boost in
activity since the Howard Government was re-elected, with the
number of both buyers and sellers increasing according to a
report in The Australian newspaper this week.
The scare campaign over interest rates as well as the
uncertainty of a possible change in government went a long way
towards destabilising the market generally, but now listings are
on the way up again. Real Estate Institute of Australia
president Ian Wells is quoted as saying that he expects the
“volume of sales should pick up, but prices will remain very
much the same in the short term”.
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