So says everybody! At the AFR:
…the election result, promised boost for first home buyers by the coalition government, and further likely rate cuts, could bring an earlier end to the bottom of the cycle, AMP Capital chief economist Shane Oliver said on Sunday.
“If we get an interest rate cut in June or July – which I think we will – than that in combination with support for first home buyers, which I have a sneaking suspicion will morph into a first home buyers’ grant, along with the removal of uncertainty about capital gains tax and negative gearing, all those things could bring forward the timing of the bottom,” Dr Oliver said.
