The Wrap with Matt Grudnoff
The government’s changes to negative gearing and capital gains tax passed the parliament last week. This is a big moment in the fight to make housing more affordable.
For too long policies to make housing more affordable have done nothing to slow the rapid increase in house prices. In fact, many of them made prices rise faster.
While it is early days, it seems that the housing market is already slowing and there are predictions that there will be small falls in house prices. These falls in prices are mainly being driven by uncertainty in the market. Many people are waiting on the side lines to see how everything washes out.

Photo: AAP Image/Dean Lewins
