# Sydney Rents Hit $900/Week, Melbourne's Auction Comeback & the Migration Cap Debate | Wilson Monthly An episode of [Money Mentor Podcastâ„¢](https://invisiblenetwork.ai/podcast/1632604767), 20 Aug 2026, 57 min. Audio: https://episode.flightcast.com/01M0F6QSE2AFJNPSVQRQM2SNKJ.mp3 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. Money Mentor YouTube Channel: @moneymentorau Dr Andrew Wilson on LinkedIn: /dr-andrew Follow and subscribe to stay up to date with the latest episodes. Want to improve your own financial future? Our free webinar is where to start: đŸ‘‰ https://bit.ly/43V2jKN #WilsonMonthly #AustralianPropertyMarket #NegativeGearing Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.