Australian PM Albanese does not rule out negative gearing and capital gains tax reforms amid housing affordability pressure.
Australian Prime Minister Anthony Albanese has not ruled out reforms to negative gearing and capital gains tax concessions if reelected, amid pressure to tackle housing affordability during a cost-of-living crisis. He emphasized the government's focus on increasing home ownership and improving housing supply but did not confirm whether Treasury was asked to model potential changes. The Greens demand the abolition of negative gearing in exchange for supporting housing initiatives, but no agreement has been reached.
September 24, 2024
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