ANZ
May 18, 2026
Australia Dwelling Prices and Budget 2026-27
Macro ThematicReal EstateMacro Economic IndicatorsReal EstateFinancials
The 2026-27 Australian Budget's tax changes to CGT and negative gearing are projected to lower long-term housing prices by approximately 2%. Near-term market trends will be determined by investor behavioral responses, monitorable via high-frequency auction and listing data.
Key Takeaways
- 1.The 2026-27 Budget's changes to capital gains tax (CGT) and negative gearing are expected to result in a modest long-term reduction in housing prices, likely around 2% lower than otherwise.
- 2.Near-term price effects are uncertain and depend on whether investors choose to sell immediately or hold grandfathered assets.
- 3.High-frequency data such as auction clearance rates and listings will be the primary indicator for the immediate market reaction.
Table of Contents
- Authors
- Australia's dwelling prices and Budget 2026-27
- Important Notice
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Authors
Adam BoytonMadeline Dunk
Themes
Tax Policy and Housing AffordabilitySupply vs Demand Dynamics
Regions
Asia PacificAustralia
