Government housing tax reforms reduce borrowing power for first-time property buyers

Australian government housing tax reforms on negative gearing and capital gains tax, intended to boost affordability for younger buyers, risk creating unintended consequences for first-time investors. The changes eliminate tax deductions on existing rental properties while grandfathering existing investors. Young Australians like 26-year-old Alexander Clisdell report reduced borrowing power and delayed property purchase plans under the new rules.

Summary by Glance · SBS News – Australia