Australian house prices

 

PHOTO: Albert Park prices have dropped but local agents say the market is starting to pick up. Photo: iStock

House prices have dropped most in a string of affluent east coast electorates that are largely Liberal-held, new figures show.

Seats held by Labor were not immune, as the housing market weakens across the nation’s two largest cities.

Housing policy has been a hot topic in the campaign, with Labor proposing to curb negative gearing tax breaks in a policy that the Coalition warns would force prices down further, and the Coalition unveiling its own policy to help first-home buyers get into the market with a low deposit.

STATEELECTORATEHELD BYMEDIAN HOUSE PRICEYOY CHANGE
VicMacnamaraLabor$1,200,000-29.4%
VicChisholmLiberal$1,045,000-19.6%
VicKooyongLiberal$1,700,000-19.0%
VicHigginsLiberal$1,478,000-19.0%
NSWBennelongLiberal$1,330,500-18.5%
NSWCookLiberal$1,227,500-18.2%
VicMelbourneGreens$1,067,500-17.9%
VicHothamLabor$900,000-16.3%
NSWWatsonLabor$925,000-15.9%
VicMenziesLiberal$1,060,000-15.9%
NSWBartonLabor$1,100,000-15.4%
VicGoldsteinLiberal$1,465,500-14.8%
NSWBanksLiberal$950,500-14.4%
NSWReidLiberal$1,650,000-14.3%
NSWHughesLiberal$920,000-14.0%
NSWGrayndlerLabor$1,380,000-12.4%
NSWNorth SydneyLiberal$2,160,000-11.8%
VicDeakinLiberal$785,000-11.8%
NSWMitchellLiberal$1,068,000-11.7%
NSWMcMahonLabor$720,000-11.7%

Source: Domain

READ MORE VIA DOMAIN