How the cork was popped on property demand

A housing price boom has always been on the cards with a Coalition win releasing the floodgates on activity. Now, as confidence surges and supply is squeezed, prices will keep rising.

Leaving aside the election, in the last six weeks a series of major events have transformed Australia – the prospect of further interest rates cuts has all but disappeared, the housing market boom is underway, shares are rising, miners are making more money so will boost tax payments and consumer confidence is surging.

And so when new treasurer Joe Hockey does his revenue projections he will discover some pleasant surprises, particularly as volumes of iron ore shipments have risen along with higher prices.


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