What The November Election Actually Changes For Victorian Property

Victorians vote on 28 November 2026. Everyone says the property market goes quiet before an election, so I went and looked at the evidence.

Domain's study of the past 7 federal elections found no significant slowdown in buying activity. Growth was 3.1 percent a year under Coalition governments and 2.9 percent under Labor. The result isn't the variable. The policy that follows it is.

The Coalition has committed to progressively taking the Victorian land tax threshold back to $300,000, where it sat before it was cut to $50,000 in 2024. That cut captured around 860,000 landowners, about 380,000 of them for the first time. It's a policy commitment, not a bill, and Labor has announced nothing on land tax.

I also cover the full Victorian tax stack, what the $15 billion Big Build figure actually is, what the rental bond data shows, and why Melbourne is now the cheapest of the 5 biggest mainland capitals while rents rise and yields expand.

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‍General information only. Not financial, tax, legal or voting advice.