ABC News – Top stories
·general
·1 hour ago
What the tax reform duo could mean for renters
The Australian government plans to wind back negative gearing and capital gains tax discounts in next week's budget, targeting young voters. The changes, last proposed in Labor's 2019 campaign, face warnings from industry groups and economists that rents could rise 2.4 percent by 2029-30 due to reduced rental housing supply. However, experts caution price increases won't match post-COVID levels.
Summary by Glance · ABC News – Top stories
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