Interest rates will increase no matter which government is in power (Labour/Liberal) but I believe that by labour now gaining control it will amplify the situation and result in a sharper and more powerfull increase in interest rates and inflation.

Labour will literally spend spend spend and we will probably see budget deficits (The best way to predict future behaviour is from past behaviour) and this is what the labour party always does.

Employment laws will go back into the dark ages and by trying to increase a few peoples wages by a dollar or two will have huge negitive impacts on unemployment. Employees will discontinue to employee people because of the red tape sinews attached and bosses will be very hesitant to hire new staff, This will lead to an increase in unemployment, less money in the ecconomy, more dole payments and repossessions.

Interest rates will skyrocket, the government will be broke and property prices will be forced down by a recession leading to many golden investment opportunities (if you didn't get capsized in the storm)

This is my prediction for the future, grim as it may be for some, but prosperous for people whom are prepared.

Now is a good time to start liquidating paper assets and have money in the bank.

I have family who built 1 million dollars worth of commercial offices 6 years ago, it it now valued at 3 million and returns 200k+ p.a

contracts are for 5 years at a time and the first month is free. I don't know where someone came up with 6-12 months..

Office/Shop fixouts are payed by the tenant and all changes have to be reversed at the end of the lease at the tenants expense.

The right commercial building in the right position blitzes ANY residential property.

I think you will find there is a reason Tradies charge hefty prices for silly little primary school jobs, As a Tradie myself there is nothing more annoying then traveling around the place to do a little bum job that makes you a few bucks when you could be working a full continuous day on a new house construction.

Unbeknown to you the service which is preformed wastes more time then just the few hours they are actually In your place doing the work, Then if they want to go do another job they have to waste an hour or so getting there and unpacking again, looking at what they need to do ect.

Most tradies who work for themselves I know off do not wish to work for any less then $50 minimum, After all many bosses are making upwards of $100/hr on housing/comercial construction

Steves books are good though I recommend reading the Rich dad Poor dad series