
Beyond buyer agent and buyer advocate
Your Melbourne property investment adviser
It's the Victorian State Election today (29th November), so we thought it would be interesting to see how the historic performance of the property market has been impacted by state election results. In summary these are our observations, based on REIV historical pricing data:
Election Date |
Change of Government? |
Premier(s) over term |
% change in property prices in 12 months around election |
% change in property prices over 3 years after start of first post-election financial year |
Nov-14 |
? |
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Nov-10 |
Yes (Baillieu) |
Ballieu/Napthine |
6.7 |
13.5 |
Nov-06 |
No |
Bracks/Brumby |
6.1 |
35.0 |
Nov-02 |
No |
Bracks |
9.5 |
5.2 |
Sep-99 |
Yes (Bracks) |
Bracks |
15.7 |
43.0 |
Mar-96 |
No |
Kennett |
-1.4 |
42.8 |
Oct-92 |
Yes (Kennett) |
Kennett |
14.3 |
-6.1 |
Oct-88 |
No |
Cain/Kirner |
14 |
4.6 |
Mar-85 |
No |
Cain |
15.7 |
42.1 |
Apr-82 |
Yes (Cain) |
Cain |
3.6 |
39.2 |
May-79 |
No |
Hamer/Thompson |
9 |
28.0 |
Mar-76 |
No |
Hamer |
28.1 |
26.4 |
May-73 |
No |
Hamer |
36.6 |
79.8 |
May-70 |
No |
Bolte/Hamer |
3.5 |
67.8 |
Apr-67 |
No |
Bolte |
0 |
25.5 |
Average annual capital growth 1966-2014 |
9.60% |
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Average annual capital growth during Liberal rule |
9.90% |
|||
Average annual capital growth during Labor rule |
9.10% |
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Average annual capital growth for election years |
11.50% |
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Average annual capital growth in years when a change of government |
10.10% |
Data Source: http://www.reiv.com.au/