(Repeats story first carried late Wednesday)
* Investors expect Australia to elect Labor govt May 18
* Labor dividend tax reforms seen benefiting REITs
* REITs outperform broader market in run-up to vote
* Private health insurers, large employers seen hit by Labor
By Tom Westbrook
SYDNEY, May 15 (Reuters) - As Australia's real-estate prices fall at the fastest rate in a generation, some investors are buying property stocks in a bet that the opposition Labor Party will win Saturday's national election.
Other investors fear a profit squeeze on health insurers after Labor promised to cap how fast premiums can rise. Short positions in the country's biggest private health insurer have jumped.
Opinion polls are tightening but they show the centre-left Labor Party, led by Bill Shorten, is ahead of the incumbent centre-right Liberal-National coalition led by Prime Minister Scott Morrison. a country where elections rarely move stock prices or significantly impact the business outlook for either listed or private companies, investors are watching the vote closely.