Treasurer Chalmers unveils capital gains tax reforms to boost first-home buyers

Australian Treasurer Jim Chalmers unveiled sweeping capital gains tax and negative gearing reforms in his fifth budget Tuesday, designed to help approximately 75,000 first-home buyers enter the market over the next decade. The reforms address plummeting home ownership rates among Australians under 45, where housing prices have risen more than twice as fast as wages since 1999.

Summary by Glance · Brisbane Times