{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Labor's Budget Is Making Australia's Housing Crisis WORSE - Senator Andrew Bragg Explains Why","description":" It doesn\u2019t matter whether you own an investment property, whether you\u2019re renting, or whether you\u2019re desperately trying to buy your first home. This Federal Budget has just made your situation harder.   If you\u2019re a tenant, rents are already punishing. Vacancy rates are near record lows, and there simply aren\u2019t enough rentals to go around. The tax changes will lightly push rents even higher. If you\u2019re trying to buy your first home, you\u2019re already fighting a market that has taken the average deposit savings time out to over 11 years. The budget does nothing to fix the supply shortage that is keeping prices out of reach.   And if you\u2019re a property investor, the rules you planned around have just been rewritten mid-game.   What connects all three groups is this: Australia has a housing crisis that is fundamentally a supply problem, and the government is responding with a tax policy that does nothing to build a single new home.   In today's show, I speak with Senator Andrew Bragg, the Shadow Minister for Housing and Homelessness, who has been one of the most outspoken voices in Parliament on exactly this point.   By the time you finish this episode, you\u2019ll understand why these negative gearing and capital gains tax changes are going to hurt renters, first-home buyers, and investors alike, and what a genuine housing solution actually needs to look like. Join us as we uncover strategies for navigating the current property market landscape.   Takeaways  \u2022 Australia's housing crisis is primarily due to a shortage of supply. \u2022 Recent budget changes may increase financial pressure on renters and buyers. \u2022 Negative gearing reforms could discourage small investors from entering the market. \u2022 Capital gains tax changes might affect long-term investment strategies. \u2022 Migration policies need to align with housing supply to stabilise prices. \u2022 Superfunds becoming landlords could reshape the rental market landscape. \u2022 Strategic planning is crucial to avoid reactionary investment decisions. \u2022 Building more homes is essential to address affordability issues. \u2022 Government policies should focus on both demand and supply sides. \u2022 Understanding market fundamentals helps in making informed investment choices.   Links and Resources:   Answer this week\u2019s trivia question here - https:\/\/www.propertytrivia.com.au\/ \u00b7        Win a hard copy of Negotiate Influence Persuade. \u00b7        Everyone wins a copy of a fully updated property report.   Michael Yardney   Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us.     Senator Andrew Bragg - https:\/\/www.andrewbragg.com\/   Get a bundle of free reports and eBooks: www.PodcastBonus.com.au   Also, please subscribe to my other podcast, Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation  Australia   The Michael Yardney Podcast is one of Australia\u2019s leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.   Each week, we explore: \u2022 Australian property market updates\u2022 Property investment strategies in Australia\u2022 Melbourne property market trends\u2022 Sydney property market forecasts\u2022 Brisbane property investment opportunities\u2022 Capital growth property strategies\u2022 Property cycles in Australia\u2022 Negative gearing and tax strategy\u2022 Interest rates and their impact on property\u2022 Buyer\u2019s agent insights and investment planning   If you\u2019re serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.   Learn more at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"