PHOTO: Bill and Chloe Shorten or Scott and Jenny Morrison: neither couple owns property in Canberra. Photo: Alex Ellinghausen

In the lead up to the federal election, property is shaping up to be a key campaign issue.

If Labor wins, it plans to curtail tax breaks for negatively geared properties, but the Coalition argues this could lead to more significant falls in the property market.

The impact this might have in Canberra is unknown but no doubt many politicians are watching what is happening in the ACT market, as many have a stake in it.

In any typical year, members of parliament spend about 20 weeks in Canberra, so it makes sense that many of them would choose to buy their own home in the nation’s capital.