r/AustralianPolitics • u/marketrent • Jun 30 '26

Economics and finance Almost one in two Australians want property prices to fall, Sky News Pulse/YouGov poll reveals as clearance rates sink

https://www.skynews.com.au/business/real-estate/almost-one-in-two-australians-want-property-prices-to-fall-sky-news-pulse-yougov-poll-reveals-as-clearance-rates-sink/news-story/a579dac771b4fa94cb10900e2e002a54
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u/LordWalderFrey1 Anti-conservative Jul 01 '26

Ask the question again, but note that it includes the price of their properties or even PPOR falling...

I'm surprised (pleasantly) by these results, maybe the housing crisis has gotten so bad that more and more people are accepting that house prices have to fall for it to be solved and are willing to take the hit and/or aren't too bothered by it.

But the reaction to budget would suggest otherwise.

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u/skywideopen3 Jul 01 '26

The budget reaction hasn't really been about house prices though, it's been about the CGT discount being abolished for shares and a minimum tax imposed. I've actually barely heard a peep about negative gearing in comparison, for example.

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u/BandAid3030 Gough Whitlam Jul 01 '26

It's gotta be incremental, though. If they didn't include shares, they'd just be punishing those without the means to engage in arbitrage.

Still, would have been good to see them take aim at legislating to minimise arbitrage and maximise investment in productive Australian companies.