What will happen in the Australian housing market after the election

Marcus Neil, on the outskirts of the first house, on the outskirts of Australia, in the edge of Australia, in the edge of young people, in a strong sense of future stability. Ten years later, he had four investment features hoping to be a security network when he retired.

“I see it as a really really safe bet,” said Mr Neil, 53.

Was on the money. Australia is now one of the most expensive places in the world.

However, the high values ​​of the heavens evaluated many people outside the apartment market, and especially the young Australians caused a favor of affordable. As typical Australian household expenses have been angered by statistics eight layers of median income – prepares a more expensive property market than New York. These citizens have a chance to demand a change on Saturday when Australians visit the voting booth.

For the first time here, millennia and gen z voters are more than baby boomers in a federal election. However, this demographic change is unknown to what extent the results will be. Recent surveys, Prime Minister Anthony Albalese shows the probability of winning re-election. Opposition leader Peter Dutton, who received the campaign References from President TrumpMr. Trump saw his support as the global tomb of his policy.

Some young voters are aware of all this. “All I can see, home prices rise and rise, 24-year-old Lamisa, Islam, 24-year-old, rescued his place, along with his parents in the southwest of the army. “My little piggy bank will go away again.”

Saul Eslake, the independent economist, the country’s approach to real estate, “Australia, apartment, apartment, seemed to collect more paper wealth more than anything that satisfies.”

Of course there are other factors other than real estate investors. The biggest problem, a number of problems and a number of houses in a large number of people in a large number of people in a large number of countries and a small number of population in a small number of people in a small number of countries, such as the existing homeowners and a small number of people in the city, are the bad lack of housing supply. For decades population boomThe demand of both fuel and housing is growing.

At the campaign trail, both Mr. Albanese and Mr. Dutton, Mr. Dutton, Mr. Dutton should not change the tax laws that many economists have caused assumptions in real estate.

One of them is the tax right called negative gearAllows the losses to property, including interest expenses, discounts. Another concession for real estate investors: they receive a discount on capital income tax accused of selling a house. Although other countries, including the United States, as well as other countries offer similar tax breaks, economists say they are unusually generous in Australia.

Both large parties have announced policies to increase housing supplies or infrastructure. However, there are suggestions for the first time in the center of the election platforms for the first time.

Mr. Albanese, the leader of the Left Worker Party from the center, promised to expand a program to allow new buyers to take a house to 5 percent. Mr. Dutton, the head of the conservative coalition, promised to allow newly built houses to require tax discounts to pay the mortgage interests.

These policies “will increase the requirement to increase prices, increase prices,” said Steven Rowley, a property professor at Curtin University in Western Australia.

Melbourne’s 37-year-old JERath head said that the Great Party did not lose the policy of housing. Again, “If Mr. Dutton ensures that the Liberal Party does not go to power, it can vote for a small party or independent labor.

The average life career, which works as a writer and editor, but has recently changed the average life career and returned to school to study the work and return to school.

“At this point in my life, it is so far away where I think it is at this point.”