Government cuts capital gains tax discount to boost new home construction from

Australia's government reformed housing tax rules to redirect investment toward newly built homes. Capital gains tax discounts will shrink from 50 percent to inflation-adjusted rates from July 2027, while negative gearing applies only to new properties. Grandfathering protects existing investments under old rules, a compromise Treasurer Jim Chalmers said balances fairness with respecting prior investments in housing.

Summary by Glance · SBS News – Australia