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Alan Kohler reflects on the policies that shaped Australia over 31 years
Alan Kohler has written and reported for the ABC for 31 years, and his final column looks back at the stories he covered and the ones he believes he missed.
He joined the national 7.30 Report in 1995, when John Howard was opposition leader and Paul Keating was prime minister.
Kohler says many people underestimated how much Howard’s government would change Australia.
He points to Howard’s refusal to sign the Kyoto climate deal in 1998, arguing that it helped set off decades of conflict over energy policy.
He also says a 1999 tax change, which gave a 50 per cent discount on capital gains, combined with negative gearing to encourage property investment and contribute to rising house prices.
The discount was removed in 2026, and Kohler notes that house prices are now falling, with rising interest rates also playing a part.
He says these policies were not the only causes of the housing changes, but their effects were not widely anticipated at the time.
Alan Kohler is leaving the ABC after 31 years, reflecting on policies and events he says reshaped Australia.
He argues that John Howard’s governments changed the country as profoundly as those of Paul Keating and Bob Hawke, but with less fanfare.
Kohler says Howard’s refusal to sign the 1997 Kyoto climate deal helped set Australia on a path of decades of political conflict and energy-policy paralysis.
He also says the 1999 capital gains tax discount, combined with negative gearing, helped drive a long rise in house prices.
Kohler says the removal of the capital gains tax discount in 2026 has contributed to falling house prices, alongside rising interest rates.
- Who
- Alan Kohler, a long-time ABC journalist and columnist, is reflecting on his career and the policies he covered.
- What
- Kohler says decisions made during the Howard era, including rejecting the Kyoto deal and changing capital gains tax, had lasting effects on Australia.
- When
- Kohler’s final ABC column was published on October 11, 2026. The events he discusses date back to the late 1990s and early 2000s.
- Where
- Australia.
- Why
- Kohler says he wants to reflect on how earlier policies shaped present-day political conflict, energy policy and house prices.
This story does not have two clearly opposing sides.
Kohler joined Kerry O'Brien's team on the new national 7.30 Report as business and economics correspondent.
The world agreed in Kyoto on protocols designed to reduce carbon emissions.
The Kyoto deal was finalised in Buenos Aires as the waterfront dispute was taking place; Howard refused to sign it.
The capital gains tax indexation system was replaced with a 50 per cent discount.
Howard introduced the GST.
Kohler says the capital gains tax discount was removed and house prices were falling, helped by rising interest rates.
- ABC tenure
- 31 years
- Joined 7.30 Report
- December 1995
- Kyoto deal
- Agreed in 1997; Howard refused to sign
- Capital gains tax discount
- 50 per cent, introduced in 1999
- GST introduced
- July 1, 2000
- Final ABC column
- Published October 11, 2026
What people are saying
This is my last column for the ABC after 31 years with this wonderful place, mainly on TV and, lately, also writing these columns and doing podcast interviews.
A lot of people missed the significance of what Howard was doing.
But Howard refused to sign, saying Australia as a fossil fuel exporter would be damaged by it.










