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Anthony Burke's By Design

Will the budget finally make it easier to buy a home?

5/13/202633 min

What does the federal budget really do for Australia’s housing crisis? Peter Martin from The Economy, Stupid joins Anthony Burke from By Design to examine whether changes to tax settings will make it any easier to buy a home. And what impact it will have on rents.

Clips

Chalmers Says, "I’m Onto You"
Negative Gearing’s New Divide
Prices Won’t Crash, And That’s Okay
We Don’t Lack Supply
Easier To Own, Not Cheaper
Will Rents Rise? By About $2
Do We Need A New City?
Why Renting Feels So Temporary

Transcript preview

First 90 seconds

  1. Speaker 00:00

    [upbeat music] ABC Listen, podcasts, radio, news, music and more.

  2. Anthony Burke· Host0:05

    [upbeat music] Hello, Anthony Burke here, host of By Design, and this is not our usual episode.

  3. Peter Martin· Guest0:16

    Peter Martin here, host of The Economy, Stupid, and we're recording this early Wednesday morning, the morning after the federal budget.

  4. Anthony Burke· Host0:24

    Because something pretty significant happened overnight on housing.

  5. Speaker 3· Soundbite0:28

    In an era where people feel like the system no longer works for them, this budget doesn't just acknowledge that, it acts on it- Hear, hear ... by leveling the playing field for first home buyers and renewing that fundamental bargain between generations to help bring the dream of home ownership within reach of more young Australians.

  6. Speaker 4· Soundbite0:48

    Hear, hear.

  7. Peter Martin· Guest0:50

    Yes, the government has done it. It's gone after the tax arrangements that have helped shape housing for the best part of three decades. The cut-rate capital gains tax turbocharged by negative gearing. That arrangement has pushed up prices, pushed investors into the market, and made owning while occupying more difficult.

  8. Anthony Burke· Host1:11

    And it's meant that for a lot of Australians, especially younger Australians, the dream of just owning one home to live in, well, that dream has been vanishing.

  9. Peter Martin· Guest1:20

    So the question now is, will the budget change anything?

  10. Anthony Burke· Host1:24

    Will it make homes cheaper?

  11. Peter Martin· Guest1:25

    Will it push rents down or up?

  12. Anthony Burke· Host1:28

    Will it change what gets

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