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New Government Set to Boost Property Market

Property organisations across the country have been welcoming Coalition's victory in the federal election, with the new government promising to boost Australia's housing and property market.

Real Estate Institute of Australia (REIA) President, Peter Bushby, was one of the first to recognise the importance of a new leader in place, saying that months of uncertainty were now coming to a close.

"Now we can get on with business," he was quoted as saying in a September 9 article in Australian Property Investor.

"We’ve been in election mode, rather than operational mode. Now there's been a clear decision and things will move forward in a more progressive manner."

Master Builders Australia was also looking forward to what the fresh government had in store for the housing and construction industry, with its Chief Executive Officer Wilhelm Harnisch outlining what the change in reign would mean.

"Master Builders looks to the Abbott Government to get the economy on the right track not just for the next three years but for the next three decades," he said in a September 9 media release.

"Building and construction industry will be a key industry in generating economic growth, building the nation's infrastructure, creating jobs and lifting productivity."

The property market in Australia already looks to be picking up again, with homebuyer confidence showing strong growth across the country, including in the Northern Territory – meaning it could be a good time for anyone looking for property in Darwin to take their first step in a strengthening market.

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