The Property Couch (LIVE) RBA May 2026 | Why This May Not Be the Last Rate Hike
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May 5, 2026 Evan Lucas, economist and host of Exchanges with Evan Lucas, gives macro insights and RBA forecasting. They unpack the RBA's 8–1 rate vote and hawkish statement. They cover inflation drivers from the Middle East, supply-chain and fuel shocks. They discuss risks to jobs, housing and consumer sentiment and whether rates must go higher.
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CGT Reforms Target Speculation Not Long Term Owners
- Proposed capital gains tax tightening aims to curb speculation and reduce investor-driven price rises across regions.
- Ben supports higher CGT to stop speculators but warns details like grandfathering will be contentious.
Changing Negative Gearing Will Hit Rental Supply
- Limiting negative gearing to new properties will reduce speculative buying but worsen rental supply and create a two‑tier rental market.
- Ben warns rents may rise in middle‑ring suburbs where new supply is harder to build.
March CPI Showed Broadening Inflation Pressure
- March CPI rose to 4.6% annual with transport and housing the main contributors; monthly CPI accelerated 1.1%.
- Fuel surged (transport sub-index record high) and housing inflation remained elevated around 6.5–7.3%.
