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Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

decline concentrated in the cities. It’s hovered at that point ever since. Rents did not spike, with price growth slowing from mid-2023 to mid-2025 in Melbourne, according to Cotality data. Today, rents

Property prices may drop but it’s decades of policy failure, not the budget, to blame

declines of up to 10%. There are, of course, contributing factors to price movements and forecasts beyond the budget reforms, namely rising interest rates, stretched household budgets and a pessimistic global economic outlook