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Election time

Election time

And its real impact on the housing market

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Matusik Missive
Apr 01, 2025
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Matusik Missive
Matusik Missive
Election time
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Ah, election time – when the sausage sizzles are hot, the promises are hotter, and every politician suddenly becomes a housing expert.

But what real impact does a federal election have on Australia’s housing market?

Short answer: more than you think – but not always in the ways you’d expect.

Firstly, uncertainty. Buyers, sellers, and developers tend to hold their breath in the months leading up to an election. Activity slows. Decisions get delayed. It’s the old “wait and see” game – no one wants to make a major move if policies are about to shift. This often leads to a short-term dip in listings, sales, and approvals.

Secondly, incentives. Elections bring policy sweeteners. Think first-home buyer schemes, stamp duty waivers, or housing funds with clever names. These can jolt demand in specific segments, but rarely address long-term supply. Often, they just pull demand forward – a sugar hit, not a structural solution.

Thirdly, ideology. Labor leans towards government-built supply, rent controls, and tenant protections. The Coalition prefers unlocking land, cutting red tape, and incentivising the private sector. Depending on who wins, the housing chessboard can look very different.

But here’s the kicker – most housing policy is state-based. So while the feds talk big, real impact depends on how Canberra plays with state and local governments. And more often than not, it’s a game of buck-passing.

So what should you do? Keep calm, look past the spin, and focus on the fundamentals: supply, demand, interest rates, and where the jobs are going.

If anything, an election is just noise in a much bigger housing signal.




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