7 News ·general ·2 hours ago

Government reforms property tax to assist first-home buyers starting 2027

Australia's government unveiled major property tax reforms Tuesday to help first-home buyers, restricting negative gearing to new builds from 2027 and replacing capital gains discounts with inflation indexation. Treasury projects the changes will reduce prices 2 percent and assist 75,000 first-home buyers over a decade.

Summary by Glance · 7 News

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