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Property professionals 'distrust government'

A majority of Australian real estate professionals are dissatisfied with how the federal government has handled the economy, a report has claimed.

A majority of people working in the Australian property sector are unimpressed with how the federal government is dealing with the country's economic problems, according to a survey.

 

 

The latest Real Estate Business' Quarterly Sentiment Survey found that 81.9 per cent of respondents are unhappy with how the situation is being handled.

 

 

This is a slight improvement from the previous survey, in which 85.5 per cent of people claimed to be displeased with the Gillard government's economic policies.

 

 

However, the Reserve Bank of Australia was given a vote of confidence for its decision to cut rates, with 67.3 per cent of respondents pleased with how the central bank has dealt with inflation.

 

 

In an annual forecast published in December, Laing+Simmons general manager Leanne Pilkington said that although the RBA's decision had helped in the short-erm, the property market in Australia is to some extent at the mercy of the eurozone debt crisis.

 

 

Master Builders Australia called for further rate cuts recently after disappointing construction data was released. 

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