On Across Australia, host Chris Smith is joined by Peter O’Malley to cut through the political noise surrounding negative gearing and capital gains tax reform. Rather than focusing on headlines, the discussion examines what’s actually unfolding on the ground across Sydney’s property market — from weakening auctions to rising rental pressure and shifting buyer behaviour.

They also discuss:

• Why tax reform headlines don’t automatically trigger a housing crash
• Interest rate rises as the true driver behind falling property prices
• Immigration and population growth continuing to outpace housing supply
• Tenants bearing the brunt of tightening rental conditions
• How negative gearing changes could push rents even higher if investors exit
• Sydney auction clearance rates falling below 40% and what that signals
• Why buying before selling becomes especially risky in fragile markets
• The mindset shift required to identify value during downturn conditions

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