Alicia Barry

And it kind of implies, I suppose, that there aren't a lot of younger people doing this to shift that age down.

down.

And it says several factors explain the large share of high income housing investors.

And we will attribute that to the boomers.

We know they have benefited from tax concessions like negative gearing and capital gains tax discounts.

Of course, rising property prices since 2000, housing markets in Australia have absolutely taken off.

Yeah, exactly.

The entry costs in 2000, very different to what they are now.

So they've had all of those benefits.

And of course, those rising house prices over that course of time, you know, capital gains, tax discount still available for them.

But this is about to change because we've had the government's announcement.

The bill has been put into the House today by the Treasurer around the changes to negative gearing, hiving it off only to new builds.

the essential scrapping of the capital gains tax discount in its current form.

No, you can absolutely see why the government had to do something.

The interesting thing is, and we've had the drawbridge analogy, that sort of

being pulled up for anyone that wanted to do what the boomers had done.

You know, you're lining up trying to get into the nightclub and the bouncer pulls across the rope.

It's not available anymore.

But Michael, how do you think these changes the government's implementing will make it easier for younger people to enter the property market?

Are we going to see home prices fall?