{"id":18939,"date":"2019-05-21T09:33:12","date_gmt":"2019-05-20T21:33:12","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=18939"},"modified":"2019-05-21T09:33:12","modified_gmt":"2019-05-20T21:33:12","slug":"ray-white-boss-brian-white-thinks-coalition-return-will-trigger-end-of-real-estate-downturn","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/ray-white-boss-brian-white-thinks-coalition-return-will-trigger-end-of-real-estate-downturn\/","title":{"rendered":"Ray White boss Brian White thinks Coalition return will trigger end of real estate downturn"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO: Ray White<\/strong><\/p>\n<p>The Ray White chairman Brian White has called the bottom of the property market in the wake of the Coalition\u2019s return to government.<\/p>\n<p>Although the latest price data &#8211; for the first two thirds of May \u2013 shows a market still in decline albeit with a moderation in the pace of price.<\/p>\n<p>Labor\u2019s planned wind back of the negative gearing and capital gains tax discounts along with opposition Treasury spokesman Chris Bowen\u2019s dismissal of people\u2019s concerns over the risk of negative \u00adequity in their homes had \u201cricocheted through the whole community\u201d, Mr White told The Australian.<\/p>\n<p>Brian White noted the market had worries over Labor\u2019s policies and there had been uncertainty surrounding the election which had been a drag on confidence.<\/p>\n<p>Prices in both Sydney and Melbourne have fallen more than 10 per cent over the past year, with values dropping 7.2 per cent on a national basis, according to CoreLogic.<\/p>\n<p>READ MORE VIA <a href=\"http:\/\/The Ray White chairman Brian White has called the bottom of the property market in the wake of the Coalition\u2019s return to government.  Although the latest price data - for the first two thirds of May \u2013 shows a market still in decline albeit with a moderation in the pace of price.  Labor\u2019s planned wind back of the negative gearing and capital gains tax discounts along with opposition Treasury spokesman Chris Bowen\u2019s dismissal of people\u2019s concerns over the risk of negative \u00adequity in their homes had \u201cricocheted through the whole community\u201d, Mr White told The Australian.  Brian White noted the market had worries over Labor\u2019s policies and there had been uncertainty surrounding the election which had been a drag on confidence.  Prices in both Sydney and Melbourne have fallen more than 10 per cent over the past year, with values dropping 7.2 per cent on a national basis, according to CoreLogic.\">PROPERTY OBSERVER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO: Ray White The Ray White chairman Brian White<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/ray-white-boss-brian-white-thinks-coalition-return-will-trigger-end-of-real-estate-downturn\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":5459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098560,478104625,478098892,478101317,478103484,478098519,478098535,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098561,478098511,478098705,478098533,478098921,478098509,478100917],"class_list":["entry","author-data123nz","post-18939","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-brian-white","tag-coalition","tag-corelogic","tag-federal-election","tag-government","tag-home-ownership","tag-house-prices","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-ray-white","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news","tag-sydney-and-melbourne"],"yoast_head":"<!-- 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