3 charts that show why housing is a key battleground for PMs
Residential property values have surged almost five times as much under Coalition governments than Labor ones over the past 35 years. Here are the reasons.
Average house prices surged 13.1 per cent a year in Howard’s 11 ½ years in power – far and away the biggest gain of any national leader in the past 35 years. Bethany Rae
With the cost and affordability of housing named as the second-biggest issue for voters this election, one fact is undeniable: over the past 35 years, annualised house price gains have been almost five times greater under the Coalition than Labor.
House prices across Australia have jumped about 8.8 per cent a year on an annualised basis on average under Liberal prime ministers and just 2.5 per cent a year under Labor, according to an analysis of data from CoreLogic done for The Australian Financial Review.
Andrew HobbsWealth reporterAndrew Hobbs covers self-managed superannuation funds, financial planning, retirement and inheritance. He has been a financial journalist for more than 25 years, working previously at Bloomberg and Australian Associated Press.
