Experts Clash Over Housing: ‘This Will Make Rents WORSE’
5/29/202651 min
Australia’s housing debate just turned explosive.
This week on The Karl Stefanovic Show, housing advocate Maiy Azize from Everybody’s Home goes head-to-head with property investor and founder Jack Henderson over the future of Australian housing.
Should negative gearing and capital gains tax concessions be scrapped? Are investors driving up house prices? Will Labor’s housing changes make rents even worse? And is the Australian Dream now completely out of reach for young Australians?
The debate quickly turns fiery as the panel clashes over rent caps, affordable housing, government intervention, property investors and whether Australians simply need to lower their expectations about where they live.
From Sydney house prices and regional affordability to social housing and the future of home ownership, this is one of the most explosive debates yet.
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First 90 secondsSpeaker 10:00
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Karl Stefanovic· Host0:28
Negative gearing changes and an overhaul of the capital gains tax has everyone pretty fired up this week. Everywhere I go, there's fierce debate over this budget for the future. Most people telling me it just doesn't make any sense. And for the property market, the effects are yet to be hit. But with one third of buyers being investors, it's certainly gonna be interesting. Yes, house prices might come down, but with interest rates going up, first home buyers have less borrowing power. So isn't it just a lose-lose situation? Well, two industry names with all the answers are my next guests. Property commentator and investor Jack Henderson joins me. He's been closely tracking the market reaction and says these changes could have serious unintended consequences. And director of Anglicare Australia, Mae Aziz, who is focused on solving the country's housing crisis, joins me with her thoughts. Here's my chat. First of all, guys, welcome to the show. Um, I feel like Australia is pretty divided on housing at the moment, so it's good to see