Housing market up after election

THE HOUSING market in Ipswich has picked up in the aftermath of a change of government at a federal level.

And that was to be expected as historically business confidence tends to increase when there is a regime change in Australian politics.

REIQ Ipswich zone chairman Darren Boettcher said the market was "really strong" and had been picking up even before the election.

"There is more confidence in the market now," he said.

"The election has had a very positive effect. The share market is moving and the property market is moving with it.

"The investor market is strong. The first home owner market is strong. It is positive across the board.

"I was talking to a couple of finance people the other day and they said they were flat strap."

Mr Boettcher said prices had bottomed out and there was only one way for prices and interest rates to go from here and that was up.

"We educate the buyers that nothing good lasts forever and that they need to get into the market now," he said.

"I think interest rates and house prices will go up in the next 12 months."

Blair MP Shayne Neumann said a change in government usually had a positive impact on business confidence.

He added that Labor's policies had also been good for the housing sector.

"Business confidence and the housing markets and retail sector always picks up after an election no matter which side of politics is successful," he said.

"One in five houses built in Australia have been driven by the Federal Labor Government's policies in relation to social housing and the National Rental Affordability Scheme.

"We've seen that locally with the Church of Christ facilities down at

Jacaranda St and the social housing in places like Brassall, Karalee and Raceview including defence housing in places like Flinders View."