Julia Gillard’s ascendency to the Prime Ministership of Australia this morning could have two possible outcomes for the real estate market.
If she decides to hold an election quickly, the market will continue in “watch mode”.
However, if she announces that the election won't take place until later in the year, the breaks will come off the marketplace a little. Real activity won’t take place until the mining tax issue is resolved.
David Fear
Director
Altus Real Estate
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This is the BLOG of Altus Real Estate; we are located in Swanbourne, Perth, Western Australia.