PHOTO: Property Developer Nigel Satterley
The outlook for Australia’s property developers has “turned on a dime” following the weekend’s shock election result and dramatic interventions from the Reserve Bank and the banking regulator.
Big developers like ASX-listed Stockland, which a week ago were anxiously eyeing the housing downturn, are now facing starkly different conditions according to analysts.
Experts predict the re-elected Coalition’s new First Home Buyer Deposit Scheme, proposed changes to the interest rate stress test for borrowers and the RBA’s indication it may lower interest rates would all help underpin the property market.
READ MORE VIA SMH