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flag Australian unions demand property tax reform to boost housing affordability for working families.

flag The Australian Council of Trade Unions (ACTU) is calling for reforms to property tax breaks, like negative gearing and capital gains tax discounts, to make housing more affordable for working Australians. flag ACTU secretary Sally McManus proposes limiting these tax benefits to one investment property and maintaining them for five years on existing properties. flag This move aims to prevent working people, especially the young, from being locked out of home ownership. flag The union also suggests a minimum 25% tax rate for those earning over $1 million and for family trusts. flag The government is set to host an economic roundtable in August to discuss these issues.

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