Some in the media are treating it like the beginning of a housing apocalypse, but a slight drop in house prices shows that the government’s housing investor tax reforms are doing their job.

On this episode of Dollars & Sense, Matt Grudnoff joins Elinor discuss the positive impact of the government’s changes to negative gearing and capital gains tax, why migration hasn’t caused the housing crisis, and concerns about negative equity and grandfathering of the policies.

This discussion was recorded on Thursday 2 July 2026.

Host: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

No, rents won’t increase by $2,000 a year because of changes to negative gearing by Matt Grudnoff, The Point (June 2026)

It may be time to calm the farm on falling house prices by Greg Jericho, The Point (June 2026)

The housing reforms are cooling investor demand and slowing the market. That's the point by Matt Grudnoff, The Point (June 2026)

The CGT discount, not a lack of supply, is driving house prices up by Matt Grudnoff, The Point (June 2026)

Theme music: Blue Dot Sessions

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