In this episode of Behind the Numbers, we unpack the 2026 Federal Budget and what it could mean for housing, renters, investors, inflation, and the broader Australian economy.

The government says the proposed changes to negative gearing and capital gains tax are designed to improve affordability and create more opportunity for first home buyers. But with Australia already facing critically low rental vacancy rates, rising construction costs, and not enough housing supply, we ask whether these reforms risk placing even more pressure on renters.

We discuss:

• why the Budget may have created two property classes in Australia
• what happens if investors leave the market faster than new housing is built
• how rising rents could become an unintended consequence of the reforms
• why regional Australia could feel the pressure hardest
• and whether younger Australians are facing a very different pathway to wealth creation than previous generations

We also explore the broader economic contradiction sitting underneath the Budget, with inflation still being driven by global instability and energy costs while the Reserve Bank continues using higher interest rates to slow the economy down.

It is a direct and practical conversation about what these changes could actually mean for everyday Australians over the next few years.

See omnystudio.com/listener for privacy information.

The RBA’s latest rate decision was anything but straightforward.

A 5–4 split has pushed the cash rate higher, at a time when households are already facing rising fuel costs and ongoing pressure on affordability.

So what problem is this rate rise actually trying to solve?

In this episode, we unpack the growing divide in economic thinking. Is inflation being driven by demand, or by global forces beyond our control? Are we moving too early, or doing what’s necessary to stay ahead?

We also explore what this means on the ground. Consumer confidence, spending behaviour, borrowing capacity, and the early signals in the labour market.

And with the RBA acknowledging that a recession is a risk, we ask the question many are starting to consider.

How far does this tightening cycle go, and what does the economy look like on the other side?

See omnystudio.com/listener for privacy information.

In this episode of Behind The Numbers, we unpack exclusive REIP behavioural data revealing how the market is really moving beneath the headlines.

Seller appraisals strengthened early in the year, signalling renewed intent. Buyer inspections have been active but sensitive to interest rate shifts. And in the rental market, actual lease outcomes are showing tighter conditions than advertised rents suggest.

We also examine the growing conversation around potential changes to the Capital Gains Tax discount. What could this mean for investor confidence, rental supply and long-term market stability?

Joining us are Cate Bakos and Cameron Kusher as we explore how policy signals, investor sentiment and real-time activity are shaping the next phase of the property cycle.

This is not speculation. It’s behaviour.

And the signals matter.

See omnystudio.com/listener for privacy information.