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There’s no denying that a federal election can impact confidence in the property market, and in the nation’s capital the consequences of September’s vote could prove to be dire
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Perhaps more than any other Australian state, the ACT’s property market is hinging on the impacts of the upcoming Federal Election.
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The national capital is more or less seeing the inverse of Sydney’s current surge of consumer confidence. Historically strong and almost certain to come good again, the market stands a chance of weakness after this year’s federal election. A Liberal National Party (LNP) victory, which looks probable at the time of writing, would see the loss of thousands of public service jobs and areas of weakness in real estate pricing.
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