Commentary topic
Property outcomes depend on capital all the way through: equity, lending, refinancing, development finance and the capacity to absorb pressure. These articles follow that capital chain.
Selected published reading on this subject.
The Kilroy View · Ownership Economics
Australia is targeting 1.2 million new homes, but approved projects still need finance on viable terms. Mark Kilroy examines the capital chain behind housing supply and how funding choices can shape who ultimately owns Australian housing.
Who Actually Pays? · Housing & Policy
The ABS Lending Indicators released on 14 August show investor home loan commitments fell 8.6% in the June 2026 quarter, with the value of investor lending down 10.2% — falls far steeper than for owner-occupiers. Investor loan numbers have dropped from 60,416 in December 2025 to 52,599 in June 2026, around 13% in six months. Mark Kilroy argues this is the first hard data suggesting investor behaviour may already be changing, warns that capital does not automatically flow where policy intends, and says the September quarter will reveal whether Australia is about to learn how much private investor capital its housing system actually needs.
Who Actually Pays? · Tax & Depreciation
The most important part of Australia's negative gearing debate may have nothing to do with tax policy itself. It may be the banks. Formal policy changes are still years away, but lenders are already adjusting investor serviceability now — and housing markets ultimately run on credit, not political messaging.
Before You Sell · Tax & Depreciation
Under the current CGT system, inflation is taxable. If reform strips away the remaining protections without replacing them with anything better, everyday Australians will pay the price.