This week's federal budget included an overhaul of negative gearing and the capital gains tax rules in a bid to move thousands of homes from the hands of investors to first home buyers.
David Speers sat down with the President of the Real Estate Buyers Agents Association Melinda Jennison and the Grattan Institute's Matthew Bowes for this week's Insiders on Background.
00:00 Welcome
1:07 Melinda Jennison, President of the Real Estate Buyers Agents Association and Matthew Bowes, Grattan Institute
1:46 Immediate impact of tax changes on auctions
2:53 Melinda Jennison expects less competition in the 'affordable' segment of the market
3:21 Unlikely to see price retraction immediately
3:56 Matthew Bowes says modelling shows minimal impact on prices
4:41 How the types of properties people want to invest in and investor behaviour might change
6:35 Slight rise in home ownership expected due to changes
7:28 75,000 additional first home owners forecast
8:26 Trend towards first home buyers buying more afforable options to build up for deposit
9:36 Housing supply
11:06 House prices
14:38 Coalition's proposals
16:20 Impact of tax changes on rental prices
18:15 Will tax changes help young people who are locked out of the market?
21:29 Goodbye
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