BREAKING: Australia’s housing market still cooked

Even the Mathias Cormann-led OECD says the capital gains tax discount and negative gearing are a problem.
On the first episode of Dollars & Sense for 2026, Greg and Elinor discuss why the Radical Left Lunatics at the OECD think Australia’s property investor tax concessions are busted, why inflation is your fault (*for shame*), AUKUS spending, and that one time Greg went too hard on New Year’s Eve.
This discussion was recorded on Thursday 29 January 2026.
A time for Bravery: what happens when Australia chooses courage is available now via Australia Institute Press. Use the code ‘POD5’ to get $5 off the regular price – offer available for a limited time only.
Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
The easy thing for the RBA to do next week is raise interest rates. The smart move is to wait by Greg Jericho, Guardian Australia (December 2025)
Beware the headlines: Most of December’s CPI “jump” was driven by costly summer travel by Matt Grudnoff, The Point (January 2026)
OECD says it’s time to cut the capital gains tax discount and negative gearing by Greg Jericho, The Point (January 2026)
All the money, none of the submarines: AUKUS deal paying upfront for hopes and dreams by Greg Jericho, The Point (January 2026)
How Australia can chart its own course in an uncertain world, Follow the Money, the Australia Institute (January 2026)
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.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
The housing market just got more cooked
The federal government’s policy enabling five per cent house deposits is just a backdoor first homebuyer’s grant that’ll pump up prices.
Climate target malpractice. Cooking the books and cooking the planet.
As the Albanese government prepares to announce Australia’s 2035 climate target, pressure is mounting to show greater ambition.
Are record property prices on the way (again)?
On the back of ongoing tax concessions primarily benefitting the wealthiest and the government’s five per cent deposit scheme for first home buyers, Australia has just broken a new record for average home loan size.

