According to analysts at ANZ, for the Australian economy, opinion polls and betting markets favour a change of government when Australians go to the polls on Saturday.

“It would result in marginally tighter fiscal policy funded by higher taxes on high income earners relative to lower taxes and higher government spending for mainly low income earners. With a softening economy, a possible non-aligned Senate and ongoing concerns about equity and sustainability, the successful party will need discipline to maintain the rosy fiscal outlook.”