Uploaded August 2026 | Updated September 2026, 3 weeks ago

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The Treasurer quoted a stunning figure when delivering the government's housing tax changes on budget night - that house prices in Australia had risen by 400 per cent since 1999.

Since the budget, falls in the value of housing have led to a loud and acrimonious debate over whether Australia is suffering an all-out assault on the value of most people's biggest asset, or experiencing a necessary correction that will help first home buyers.

Sarah Ferguson is joined by Tim Lawless, Executive Director of Cotality, and Sally Auld is NAB's Chief Economist.

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