So Labor is winning the race to the office. What do you think going to happened to property price?
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I'm sorry but it is somewhat naive to think that market falls will result as a move to the Rudd government.
I believe that the reason this Nation with such a great economy tossed aside the "great Party" is because the Liberal's have failed on several fronts - social policy, workers rights, the environment, poor foreign policy....the list goes on.
The biggest threat to this Country's prosperity isn't Labor assuming office on Monday, it is what is going on in the world economy right now - if the markets drop on Monday it certainly won't be because Rudd is PM, it will be because the markets have been dropping over the last several weeks as the US Credit crunch progressively unwinds and more and more losses are revealed as the US economy inches closer to possible recession.
I can't see Rudd modifying current CGT treatment in any significant way. His "me too" stance on the economy wouldn't allow this significant a shift. His position on being an economic conservative is something that I believe sincerely.
I respect people's right to different views on politics, but claiming stock markets and property markets will fall simply because of this change in government are somewhat misguided - it's like claiming that interest rates will go up more now that Labor is in power (they almost certainly will, but it won't be because Labor is in power).
My view that this election is almost the election you wouldn't wish on any party - the coming years are going to be extremely turbulant for the world and the increasingly corellated world markets, and this is going to effect Australia in a significant way.
So Labor is winning the race to the office. What do you think going to happened to property price?
Absolutely nothing different than if Liberal retained office!
&&&&&&&&&&&&&&&&&&&&&&I do not understand why a Nation with such a great economy and even a better economic manager (Treasurer Costello) has just tossed aside this great Party.
I am not sure if ppl know that when they voted for Rudd they didnt only vote for him but they voted for the Labor party and its ambitions...
Anyway we will see what happens but I am not optimistic.
*****************Absolutely nothing different than if Liberal retained office!
********************
Dear Deepmarine,
1. As with this change in the new Australian Govt under Kevin Rudd and the recent change in its RBA Chairmanship to Glenn Stevens, we are entering into a new era - of changes - will Australia continues to be "lucky" enough with its new economic leadership to be able to escape unscathed from the unfolding of the various ongoing global financial crises with housing markets and real economies starting to slow down in the US, UK, Spain, New Zealand, Japan, (China with an "over-heated" Economy), the continued weakening US$ Currency and with sudden increase in oil prices flirting at its historical high levels at/near US$100 ber barrel?
2. I do not think that the Australian Government system is being strengthened in any way with a single ALP governing Australia at both the Federal and the local States Levels.
3. In fact, by losing its in-built check-and balance system with an all Federal-State ALP Govt structure, the Australian political system is being unneccesarily "weakened" as a consequence as it can be easily subject to abuse by the ALP Government.
4. Australians will have to live with the required changes and other outcomes that a single ALP Government will bring in the near future.
5. Whether Kevin Rudd and his ALP Government or/and as well as the new RBA under Glenn Stevens are able to safely and effectively steer Australia, out of the present oncoming global financial crises, as in the past, are yet to be seen.
6. Thus, whether these likely short term changes are good for Australia in/of itself or otherwise, we can always re-evaluate the outcomes accordingly in due course and to re-visit this issue again, at/before the next Federal Elections in 2011, where neccessary, please.
7. Thank you.
Cheers,
Kenneth KOH
*********************************Hi Kenneth,
Is Labor up to this? Only time will tell. The "masses" will need a clear and confident leader when the going is getting rough though....
********************I believe that the reason this Nation with such a great economy tossed aside the "great Party" is because the Liberal's have failed on several fronts - social policy, workers rights, the environment, poor foreign policy....the list goes on.
1. Do Australians, like your goodself, seriously think so, objectively speaking?
2. Many local Australians in WA, apparently do not think so, based on the ground feedback which I have received over the last few days. They seem to prefer the Liberal Coalition Government to continue to govern Australia.
So Labor is winning the race to the office. What do you think going to happened to property price?