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Sydney Rents Hit $900/Week, Melbourne's Auction Comeback & the Migration Cap Debate | Wilson Monthly
· 57 min
Episode Sydney Rents Hit $900/Week, Melbourne's Auction Comeback & the Migration Cap Debate | Wilson Monthly
Jim Chalmers says you'll "get over" the broken tax promise, but Sydney rents just hit $900 a week.
This month we unpack Chalmers' admission that Labor broke its negative gearing and capital gains tax promise, and what "you'll get over it" actually means for renters and investors. We cover the case for capping migration to housing supply, why first home buyer loan applications are down 19% while rents keep climbing, and the RBA's rate hold despite underlying inflation sitting at its highest level in years. Then the full data deep-dive: Sydney's price slump versus Brisbane and Perth's building boom, Melbourne's approvals slide, investor lending down 14.9%, and the auction clearance rates hinting at an early spring revival.
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