By Shive Prema For Daily Mail Australia
Published: 03:07 BST, 22 May 2019 | Updated: 03:07 BST, 22 May 2019
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Meriton magnate Harry Triguboff claims demand has boomed for his Meriton apartments after after the Coalition's surprise election victory.
The billionaire, 86, has scrapped the 10 per cent discount on thousands apartments on the east coast of Australia in the wake of the shock result.
Mr Tirguboff is a real-estate developer nicknamed 'high-rise Harry' and is one of Australia's richest people.
He believes he will be able to sell 30 apartment units per week after only selling five a week in January when the housing market drastically slowed down.
Financial regulators lifted lending restrictions for first home buyers on Tuesday and rate cuts are expected in a bid to breathe new life into the property market.
