Via Grattan:
Spring has sprung in the Australian housing market, at least in Sydney and Melbourne. Why have house prices started rising again? There are a few candidate explanations.
The first theory is that the Coalition’s surprise victory in the May 18 federal election boosted prices. Labor’s policies to reform negative gearing and halve the capital gains tax discount, it’s said, would have dampened prices; Scott Morrison’s win should have taken the handbrake off.
