Treasurer Chalmers unveils biggest tax reform since 1999 targeting housing costs

Treasurer Jim Chalmers unveiled Australia's largest tax reform since 1999, including changes to negative gearing and capital gains tax discounts. The budget addresses cost-of-living pressures and housing supply, with property buyers potentially saving $19,000 on average. However, critics question whether these reforms move quickly enough for younger Australians locked out of the housing market.

Summary by Glance · The Guardian Australia