Labor unveils $2 billion housing reforms, breaks pre-election tax promise

Australia's Labor government unveiled housing reforms as the centerpiece of its 2026 budget, including a $2 billion infrastructure initiative and changes to capital gains tax and negative gearing rules from July 2027. The measures aim to unlock 65,000 homes over a decade but break a pre-election commitment not to change investment property taxes.

Summary by Glance · The Guardian Australia