# Weekend Edition: Gearing Up for Gearing Down

Page: https://stenobird.com/podcast/nab-morning-call-427359/weekend-edition-gearing-up-for-gearing-down
Text version: https://stenobird.com/podcast/nab-morning-call-427359/weekend-edition-gearing-up-for-gearing-down.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-05-22T05:00:00+00:00
Episode link: https://shows.acast.com/morningcall/episodes/weekend-edition-gearing-up-for-gearing-down
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a0d809885da72eacc2a042b/media.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/weekend-edition-gearing-up-for-gearing-down
Duration seconds: 1989

## Resource

Friday 23rd May 2026 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . This week Phil sits down with NAB’s Gareth Spence and JBWere’s Glen Bertram to unpack the ramifications of the federal budget's aggressive pivot away from established property tax incentives. The panel deconstructs how ditching the 50% capital gains tax discount in favour of a cost-base indexation system, paired with a new 30% minimum tax rate, rewrites the wealth creation playbook for Australian property investors. What impact does limiting negative gearing to new builds have on the pricing and rental yields of established dwellings? Will the changes shift investment away from property – even more money going into super, for example? More importantly, will the impacts be as profound as many are making out? Hosted on Acast. See acast.com/privacy for more information.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/weekend-edition-gearing-up-for-gearing-down/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/nab-morning-call-427359/weekend-edition-gearing-up-for-gearing-down.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.