Gold Coast real estate: Property and business bosses celebrate Morrison Government election win

Real estate, property and business figures are celebrating news which they say is the best thing to happen to the city’s real estate market.

GOLD Coast property, business and political leaders have welcomed the re-election of the Morrison Government as a positive for the city’s economy.

Industry bosses say the defeat of the Labor Opposition and its controversial franking credits and negative gearing policies will give certainly to local business operators.

General views of the Gold Coast (Surfers Paradise) from the 55th floor of Circle on Cavill apartment building Photo: David Clark

“Now that the election is over, one of the major impediments on the real estate market has been removed and we have greater clarity and certainty about the lay of the land,” said to Ray White Surfers Paradise chief executive Andrew Bell.

“This spring should see the flow-on effects, particularly because the bulk of price corrections have occurred over the past 18-months.

Andrew Bell. (Photo/Steve Holland)

“This makes buyers feel that they can now purchase properties that represent value in the marketplace.”

Gold Coast Mayor Tom Tate said he hoped the election result would lead to renewed investment.

“It gives certainty to the direction of politics and we know that with certainty comes confident investment for Australia,” he said.

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Gold Coast City Mayor Tom Tate. Picture: Jerad Williams

“My task now is to ensure this attraction comes to us.

“I would hope that together with the State Government we can make Queensland the most desirable place and make sure the Gold Coast gets the biggest uplift in the economy.”

Gold Coast Chamber of Commerce president Martin Hall said the election’s outcome was “welcome”.

“This will make the art of doing business far more simple,” he said.

“The thought of no radical changes is very settling for business owners and reassuring going forward.”