Positive gearing is so FY21-22.

On this episode of Dollars & Sense, substitute Greg (Matt Grudnoff) and Elinor discuss the 91 millionaires who paid zero tax, the grim reality driving the gender pay gap, and why negative gearing is back on trend (but still making housing less affordable).

This discussion was recorded on Thursday 3 July 2025 and things may have changed since recording.

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

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

Show notes:

Capital gains for the rich and persistent gender pay gaps: what we can learn from the ATO’s annual tax statistics by Greg Jericho, Guardian Australia (July 2025)

Wealth inequality by asset types. What’s driving wealth inequality? by Matt Grudnoff, the Australia Institute (February 2025)

Analysis: Will 2025 be a good or bad year for women workers in Australia? by Fiona Macdonald and Lisa Heap, the Australia Institute (April 2025)

Theme music: Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.