With the counting of postal votes finally getting underway today, property industry participants are beginning to speak out about the possibilities for the months ahead.

Minister for Resources, Josh Frydenberg, appeared on Q&A last night, and indicated that the reestablishment of the ABCC is unlikely to get through. 

"Obviously the numbers look very much stacked against us if you were to bring together both the house and the senate together, I accept that," he said.

Ken Morrison, Chief Executive of the Property Council of Australia, has called for stability and reform, despite the political difficulties.

“Our hope is that we end up with a workable Parliament that can deliver the stable government that Australia needs,” he said.

“Neither party should think this result gives them a ‘three-year leave pass’ from economic reform,” said Morrison, adding, "The property industry accounts for one ninth of national GDP and employs over 1.1 million Australians, more than mining and manufacturing combined."

And The Australian Financial Review is reporting that Chinese property investors are questioning the stability of Australia's political environment, and are worried by the election of Pauline Hanson.

Hanson claimed last week that Australia is at risk of being "swamped by Asians".

The chairman of the Australia China Entrepreneurs Club for high net worth individuals, Richard Yuan, said, "When people heard about Pauline Hanson getting elected, they got nervous," according to the Financial Review. 

"It's very bad for foreign investment,” he said. "She advocates the white Australian policy. Everybody talked about it when they were thinking about migration and without migration and integration, it's bad for business, and housing."

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Election limbo