Aussie election vote ‘close’

01 July 2016 by News Desk   |   SHARE  

A new poll shows the Coalition government slightly ahead but Aussie election pundits are wary of forecasts after UK Brexit vote.

All 226 seats of the Australian parliament are up for grabs in the closest Aussie election for many years as Prime Minister Malcolm Turnbull’s conservative party trade headline-grabbing promises with a growing center-left Labor opposition.

The Aussie election is a rare ‘double-dissolution’ event where all seats in both houses of Parliament are up for grabs.

“The government seeks to win a clear majority in order to break recent political deadlock and pass its planned legislation,” says Darrell Todd, founder of thinkingaustralia.

Economic issues have dominated the Aussie election campaigns. Turnbull’s conservatives promise “jobs and growth” fuelled by tax cuts for business.
Opposition leader Bill Shorten plans higher spending on schools and hospitals.

None of the main parties had a clear lead in voter surveys until this week when Turnbull’s centre-right coalition pulled slightly ahead following Britain’s vote to leave the EU.

“The UK Brexit vote and resulting turmoil has made Aussie voters wary, which is why the Turbull government has pulled into the lead in polls,” says Darrell Todd, founder of thinkingaustralia. “In uncertain times the conservatives are generally viewed as better economic managers.”

Aussie Election – the economic prize

Whatever party wins the election, their leader will carry forward the torch of economic success for Australia has survived the past 25 years with suffering a recession.

It is an enviable record of governance that has seen Aussie living standards rise to the highest in the world.

“Australia’s economic success is largely the result of the monetary policy set by the Reserve Bank of Australia,” says Darrell Todd.

“While the politicians have been fighting like cats and dogs, the RBA has kept inflation within its target of 2-3 per cent, an achievement critical to the country’s continuing success.”

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