By Mary Mrad For Daily Mail Australia
Published: 14:27 BST, 25 May 2019 | Updated: 14:53 BST, 25 May 2019
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The unexpected re-election of Scott Morrison as Prime Minister is likely to boost Australia's property market, experts have claimed.
The Coalition government is expected to make up to three rate cuts and loosen lending regulations making the market attractive to home buyers - as property prices in Sydney and Melbourne have slumped to 2016 levels.
It has proposed to reduce the minimum interest rate which individuals need to meet, making loans more accessible.
Belle Property sales executive Marina Makhlin told https://twitter.com/9NewsSyd/status/1132207605625921536 that both buyers and sellers were apprehensive about what a Labor victory would mean for the economy.
'People really didn't know how it was going to affect them and I think that fear was really holding people back from making any decisions, any buying or selling decisions,' she
