Home prices are heading down, but how far?

Home prices are falling for the first time in more than three
years. Is Labor's housing policy starting to work? And if prices
come down, who wins and who loses? 


We unpack what's really driving the market, whether the budget's
tax changes will make it easier to buy a home, what they mean for
renters, and why Australia's housing affordability crisis can't
be explained by immigration alone. 


Guests:


Matthew Bowes, Senior Associate, Grattan Institute


Maria Yanotti, Senior Lecturer in Economics, University of
Tasmania


Referred to:


Housing market downturn deepens as demand headwinds build,
Cotality, July 1, 2026


The housing crisis that Australia built, Brendan Coates, Grattan
Institute, March 11, 2026


More homes, better cities: Letting more people live where they
want, Brendan Coates, Joey Moloney, Matthew Bowes, Grattan
Institute, November 5, 2025


Housing submarket spillovers and COVID-19: the increasing
influence of Australia’s regional cities, María Yanotti et
al, December 31, 2025


Housing Q&A, Diana Mousina, AMP, June 18, 2026


Statement 4: Tax reform for workers, businesses and future
generations, Commonwealth Budget, May 2026