This week on The Fin podcast, economics correspondent Michael Read and political correspondent Tom McIlroy discuss whether winding-back the two big tax advantages to buying property – negative gearing and the capital gains tax discount – will help solve Australia’s housing crisis.

This podcast is sponsored by IG

Further reading:
These Australians are most likely to negatively gear their properties
The housing policy choices facing voters
We’re more nuanced on negative gearing than five years ago
A quick guide to the politics of housing tax breaks

This week on The Fin podcast, economics correspondent Michael Read and political correspondent Tom McIlroy discuss whether winding-back the two big tax advantages to buying property – negative gearing and the capital gains tax discount – will help solve Australia’s housing crisis.
This podcast is sponsored by <a href="http://ig.com/au" data-stringify-link="http://ig.com/au" data-sk="tooltip_parent">IG</a> Further reading: <a href="https://www.afr.com/policy/economy/these-australians-are-most-likely-to-negatively-gear-their-properties-20240926-p5kdnc" data-stringify-link="https://www.afr.com/policy/economy/these-australians-are-most-likely-to-negatively-gear-their-properties-20240926-p5kdnc" data-sk="tooltip_parent">These Australians are most likely to negatively gear their properties</a> <a href="https://www.afr.com/politics/federal/the-housing-policy-choices-facing-voters-20240930-p5kek2" data-stringify-link="https://www.afr.com/politics/federal/the-housing-policy-choices-facing-voters-20240930-p5kek2" data-sk="tooltip_parent">The housing policy choices facing voters</a> <a href="https://www.afr.com/property/residential/we-re-more-nuanced-on-negative-gearing-than-five-years-ago-20241002-p5kf6t" data-stringify-link="https://www.afr.com/property/residential/we-re-more-nuanced-on-negative-gearing-than-five-years-ago-20241002-p5kf6t" data-sk="tooltip_parent">We’re more nuanced on negative gearing than five years ago</a> <a href="https://www.afr.com/politics/federal/a-quick-guide-to-the-politics-of-housing-tax-breaks-20240925-p5kdah" data-stringify-link="https://www.afr.com/politics/federal/a-quick-guide-to-the-politics-of-housing-tax-breaks-20240925-p5kdah" data-sk="tooltip_parent">A quick guide to the politics of housing tax breaks</a>

A weekly podcast from The Australian Financial Review that examines the biggest stories in business, markets and politics, and why they matter, explained by the best financial journalists in the country.

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A weekly podcast from The Australian Financial Review that examines the biggest stories in business, markets and politics, and why they matter, explained by the best financial journalists in the country.
Search The Fin and follow us wherever you get your podcasts.

A weekly podcast that examines the biggest stories in business, markets and politics, and why they matter.

The Fin

All the latest episodes from all of the AFR's podcasts. 

All the latest episodes from all of the AFR's podcasts.&nbsp;

Latest episodes 

Will cutting negative gearing fix the property crisis?

Associate editor Primrose Riordan and courts correspondent Max Mason on why Jon Adgemis is struggling to keep the details of his $1.8 billion financial collapse secret and what his story tells us about the private credit market.

This podcast is sponsored by Westpac.

Further reading:
Jon Adgemis thought he was winning. Then his CFO took the stand
The failed pub baron has been trying to keep the details of his $1.8 billion financial collapse secret. But a chatty former accountant is making that difficult.
Adgemis’ right-hand man alleges tax con funded ‘exorbitant lifestyle’
The business affairs of the former KPMG deal maker-turned-bankrupt are being scrutinised, with allegations of “sham arrangements” to pay for his spending.
From playboy pub baron to bankruptcy: Inside Jon Adgemis’ $1.8b fall
From KPMG consultant to “glamour banker” with the “Midas touch” to junk-debt-laden bankrupt. It’s been a wild ride for Jon Adgemis and Public Hospitality Group.

Associate editor Primrose Riordan and courts correspondent Max Mason on why Jon Adgemis is struggling to keep the details of his $1.8 billion financial collapse secret and what his story tells us about the private credit market.
This podcast is sponsored by <a href="https://www.westpac.com.au/">Westpac</a>.
Further reading: <a href="https://www.afr.com/companies/retail/jon-adgemis-thought-he-was-winning-then-his-cfo-took-the-stand-20260813-p60o1f?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Jon Adgemis thought he was winning. Then his CFO took the stand</a> The failed pub baron has been trying to keep the details of his $1.8 billion financial collapse secret. But a chatty former accountant is making that difficult. <a href="https://www.afr.com/companies/retail/where-d-the-money-go-adgemis-cfo-flips-on-former-boss-20260812-p60nl5?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Adgemis&rsquo; right-hand man alleges tax con funded &lsquo;exorbitant lifestyle&rsquo;</a> The business affairs of the former KPMG deal maker-turned-bankrupt are being scrutinised, with allegations of &ldquo;sham arrangements&rdquo; to pay for his spending. <a href="https://www.afr.com/property/commercial/from-playboy-pub-baron-to-bankruptcy-inside-jon-adgemis-1-8b-fall-20251002-p5mzgv?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">From playboy pub baron to bankruptcy: Inside Jon Adgemis&rsquo; $1.8b fall</a> From KPMG consultant to &ldquo;glamour banker&rdquo; with the &ldquo;Midas touch&rdquo; to junk-debt-laden bankrupt. It&rsquo;s been a wild ride for Jon Adgemis and Public Hospitality Group.

How to go from pub baron to Australia’s biggest bankrupt in 10 years

Political editor Phillip Coorey on the government’s bet on gambling reform, the problem with "brand Albo" and why there’s nothing funny about the melon incident.

This podcast is sponsored by Westpac.

Further reading:
PM bets on stability pitch as popularity falters
Anthony Albanese celebrated a significant milestone on Friday, but voters have learnt stability and steadiness don’t preclude poor taste.

Migration or superannuation, the spectre of Hanson hangs heavy
Pauline Hanson keeps setting the agenda, whether she means to or not. The government and Coalition are scrambling to follow.

‘Policy capture’: The week that exposed Labor’s gambling ties
An explosive week of public hearings exposed the harms of the gambling industry. So why isn’t the government following its own advice on advertising bans?

Political editor Phillip Coorey on the government&rsquo;s bet on gambling reform, the problem with "brand Albo" and why there&rsquo;s nothing funny about the melon incident.
This podcast is sponsored by <a href="https://www.westpac.com.au/">Westpac</a>.
Further reading: <a href="https://www.afr.com/politics/federal/pm-bets-on-stability-pitch-as-popularity-falters-20260812-p60ns6?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">PM bets on stability pitch as popularity falters</a> Anthony Albanese celebrated a significant milestone on Friday, but voters have learnt stability and steadiness don&rsquo;t preclude poor taste.
<a href="https://www.afr.com/politics/federal/migration-or-superannuation-the-spectre-of-hanson-hangs-heavy-20260817-p60ow9?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Migration or superannuation, the spectre of Hanson hangs heavy</a> Pauline Hanson keeps setting the agenda, whether she means to or not. The government and Coalition are scrambling to follow.
<a href="https://www.afr.com/companies/games-and-wagering/policy-capture-the-week-that-exposed-labor-s-gambling-ties-20260806-p60m1y?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">&lsquo;Policy capture&rsquo;: The week that exposed Labor&rsquo;s gambling ties</a> An explosive week of public hearings exposed the harms of the gambling industry. So why isn&rsquo;t the government following its own advice on advertising bans?

Anthony Albanese now has 'a list' – and that’s a problem

Deputy economics editor Michael Read on what’s going on in the housing market, whether it’s the correction we had to have and why the government doesn't want to call it that.

This podcast is sponsored by Westpac

Further reading:
RBA warns house prices have further to fall
Despite the softness in the housing market, RBA governor Michele Bullock said another interest rate rise remains squarely on the table.
Labor MPs are lost in housing’s hall of mirrors
Prices are falling, but the government is reluctant to claim the credit. So its MPs have resorted to rhetoric about renewed optimism for first home buyers.
Property price slide exposes political peril for Albanese government
As the sharpest housing market correction in almost four years gathers pace, the Albanese government is discovering that voters do not necessarily welcome falling values.

Deputy economics editor Michael Read on what&rsquo;s going on in the housing market, whether it&rsquo;s the correction we had to have and why the government doesn't want to call it that.
This podcast is sponsored by <a href="https://www.westpac.com.au/">Westpac</a>
Further reading: <a href="https://www.afr.com/policy/economy/rba-warns-house-prices-have-further-to-fall-20260811-p60n8y?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">RBA warns house prices have further to fall</a> Despite the softness in the housing market, RBA governor Michele Bullock said another interest rate rise remains squarely on the table. <a href="https://www.afr.com/policy/economy/labor-mps-are-lost-in-housing-s-hall-of-mirrors-20260805-p60lkl?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Labor MPs are lost in housing&rsquo;s hall of mirrors</a> Prices are falling, but the government is reluctant to claim the credit. So its MPs have resorted to rhetoric about renewed optimism for first home buyers. <a href="https://www.afr.com/policy/economy/property-price-slide-exposes-political-peril-for-albanese-government-20260804-p60l71?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Property price slide exposes political peril for Albanese government</a> As the sharpest housing market correction in almost four years gathers pace, the Albanese government is discovering that voters do not necessarily welcome falling values.

Will cutting negative gearing fix the property crisis?

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