It’s the start of a new year and time to look at what 2013 holds.
The Impact Of The Coming Federal Election
The next federal election needs to be between 3 August 2013 and 30 November 2013 with the Prime Minister’s recent comment that the election will be “around 3 years since the last one” has many predicting we will see an August election. The problem which occurs with most election where there is a potential change business slows down as the big end of town adopts a wait to see the attitude before committing to new initiatives.
The latest Neilson Poll has shown the Coalition ahead on a two party preferred basis by 53 to 47. If you’re a punter then SportsBet currently has the Coalition on $1.28 to win and Labour at $3.50. But pre election polls and sentiment are not reliable as most people do not completely make up their minds until the week or two leading up to the actual vote.
Banks Lending
We’re seeing signs that the mining boom is slowing and along with it capital spending. Unemployment is rising marginally and while there is some employment growth it is relatively weak. But it’s not all doom and gloom though with low interest rates providing some growth opportunities. However, banks are still very picky about who they lend to and are sensitive about service ability. In 2013, you will need to have a good relationship with the bank to ensure and keep communicating with them to ensure things don’t get out of control and the banks loose faith and proceed to foreclose.