Is the housing bubble bad news for Labor?

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By Leith van Onselen

I’ve read some weird analysis in my time. But few beat Labor state secretary Kosmos Samaras’ effort, whereby he has tried to argue that Melbourne’s housing bubble spells bad news for Labor because it performed badly in electorates where the median house price is above $700,000. From The Canberra Times:

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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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.