Senate Select Committee on the Operation of the Capital Gains Tax Discounts - Sydney, NSW (part 2 of 2) — hearing of 25 February 2026: transcript & video · Polyfact

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Senate Select Committee on the Operation of the Capital Gains Tax Discounts - Sydney, NSW (part 2 of 2)

25 February 2026

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Contents updated on 22 Oct 2026

Chair McKim opens the session, records witness details and transitions directly into industry and think‑tank evidence, setting the procedural and factual context for examining CGT and housing supply.

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Opening and industry panel setup

00:23

Witness introductions and procedural opening

00:23

UDIA — opening statement on CGT and rental supply

02:09

Opening statements — CGT discount and housing supply

07:53

REIA — housing deficit, vacancy rates and CGT stance

07:53

CIS — defence of the 50% capital gains discount

12:01

Property Council — CGT change tests and housing supply

18:41

Q&A McKim — CGT, prices, rents and intergenerational equity

24:20

Q&A McKim (1) — house prices, CGT demand effects and rents

24:20

Q&A McKim (2) — tenure shift, renters’ capacity and intergenerational equity

35:28

Q&A Dowling and Bragg — CGT impacts, rents and landlord profiles

55:49

Q&A Dowling — magnitude of CGT effects, price vs rent, and pre‑1999 model

55:49

Q&A Bragg with industry — rents, revenue assumptions and landlord types

01:06:55

Productivity Commission evidence — productivity, housing and tax on savings

01:22:18

Productivity Commission — productivity, capital allocation and tax on savings

01:22:18

Bragg and McKim with Productivity Commission — housing supply, CGT and investment

01:32:54

Senate Select Committee on the Operation of the Capital Gains Tax Discounts - Sydney, NSW (part 2 of 2)

25 February 2026

Senate Select Committee on the Operation of the Capital Gains Tax Discounts Wed, 25 Feb 2026 Australian Parliament

00:00 - 00:03

Speaker 1

The productive economy. Okay. Thank you.

00:04 - 00:16

Speaker 8

Thanks, senator Dowling. And, professor Paulson and doctor Martin, thank you very much for your engagement with, this inquiry. And on behalf of the committee and the Senate, thanks for coming along this afternoon and giving your evidence.

00:16 - 00:17

Thank you. Thank you.

00:22 - 00:35

Speaker 8

I now welcome representatives from the Center for Independent Studies, the Real Institute of Australia, the Urban Development Institute of Australia, and via teleconference, the Property Council of Australia.

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