Carrington Clarke

Yes, specifically detached houses, right?

Yeah, and that raises the question, a question that we had from an audience member, from Jenny, who asked, she said, in today's discussions on the budget, I'm not hearing anything about the research that's being done.

The negative gearing won't actually make much difference to first-home buyers.

Am I mistaken?

So I think she's asking about how Treasury's coming up with the modelling to say that these particular measures will or won't have an impact when it comes to first-home buyers.

So this is the argument that the changes...

to the capital gains tax discount and negative gearing, I assume, because kind of working together, what impact they'll have on first-term buyers.

I mean, the first thing to point out is this is done by Treasury.

So there are analysts there who are trying to work out what different moves in policy will mean for the real economy.

And the argument that they are making, and as with all modelling, it depends on what your inputs are,

It depends on what conditions you put in there, your underlying assumptions.

But the argument from Treasury is that

The current settings or previous settings, I guess we're now going to be calling them, effectively subsidized investors to purchase existing homes.

And that meant that existing homes particularly, which is the thing that they're changing, the changes will mean that first home buyers aren't facing unfair competition from investors.

And that's why it's good news for first home buyers.

But all of these things can be debated.

It is in line though, isn't it, with what we'd heard from other think tanks ahead of

of this being unveiled, that these type of changes would actually help first-time buyers.

So about a hundred bucks a year.

And that number was, they think, about 75,000 properties effectively will move from being owned by investors to being owned by owner-occupiers.