How will tax changes shift the housing market? | Insiders on Background

This week's federal budget included an overhaul of negative gearing and the capital gains tax rules in a bid to move thousands of homes from the hands of investors to first home buyers. David Speers sat down with the President of the Real Estate Buyers Agents Association Melinda Jennison and the Grattan Institute's Matthew Bowes for this week's Insiders on Background. 00:00 Welcome 1:07 Melinda Jennison, President of the Real Estate Buyers Agents Association and Matthew Bowes, Grattan Institute 1:46 Immediate impact of tax changes on auctions 2:53 Melinda Jennison expects less competition in the 'affordable' segment of the market 3:21 Unlikely to see price retraction immediately 3:56 Matthew Bowes says modelling shows minimal impact on prices 4:41 How the types of properties people want to invest in and investor behaviour might change 6:35 Slight rise in home ownership expected due to changes 7:28 75,000 additional first home owners forecast 8:26 Trend towards first home buyers buying more afforable options to build up for deposit 9:36 Housing supply 11:06 House prices 14:38 Coalition's proposals 16:20 Impact of tax changes on rental prices 18:15 Will tax changes help young people who are locked out of the market? 21:29 Goodbye Subscribe: https://ab.co/3yqPOZ5 Read more here: Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel: https://www.youtube.com/user/NewsOnABC Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia