The property's billionaire, Harry Triguboff, said he would not pursue the planned cuts to the Meriton apartments because of the Coalition's victory in the recent election.
"I will not have to make any more discounts," he told ABC. "I'm selling now probably with a 10% discount and, on top of that, I give [buyers] money at 3% and I help them with stamp duty, so I think that at the first I should be able to get the full price. "
Triguboff said some buyers had bought his apartments immediately after the election victory this weekend.
"Buyers did not know whether to go ahead or not, but once they see the results of the election, they go ahead," he said. at The Business.
Triguboff also said that the high probability of a reduction in the interest rate in June would play an important role in determining the floor of the decline in real estate prices.
The Reserve Bank of Australia, in one of its recent statements, was referring to an almost certain reduction in the rate next month.
"This will be fine, it will be a big help for the real estate market, which has been very weak, and I think that will give hope or give people the confidence to buy, to do not withdraw and do not think, "said Triguboff.
Economists and market observers, meanwhile, have expressed concern over the government's initiative to help first home buyers who can not save a 20% deposit for a ready.
The news that APRA would reduce the breakeven point of mortgages has been added to some of the apprehensions of the list of real estate professionals.
"Needless to say, a combination of relaxed credit restrictions and a reduction in interest rates increases the risk of a new housing boom, which, I'm 39, I'm sure, does not fit what the powers in place would, but they could still get it, "Louis Christopher, real estate analyst at SQM Research, said in a statement.
However, Triguboff dismissed concerns about the level of indebtedness and the stress associated with mortgages.
"There are people struggling, but that 's because home prices are falling and they can not sell it' s the real problem, it 's not the same. is not that they can not repay, "he said.
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