Why the housing bubble spells big trouble for Labor

By Richard Willingham, State Political Correspondent
Updated July 19 2016 - 8:08am, first published July 18 2016 - 5:47pm
House price growth is tipped to slow next year after a strong first half. Photo: Arsineh Houspian
House price growth is tipped to slow next year after a strong first half. Photo: Arsineh Houspian
Opposition leader Bill Shorten speaking the day after the election in his seat of Maribyrnong. Photo: Justin McManus
Opposition leader Bill Shorten speaking the day after the election in his seat of Maribyrnong. Photo: Justin McManus
House prices are a good indicator of how polling booths swung at the federal election Photo: Warren Hackshall
House prices are a good indicator of how polling booths swung at the federal election Photo: Warren Hackshall

Labor voters have a price ceiling. In every suburb where the median house price is more than $700,000, voters swung to the Liberals or the Greens.

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