SMH
·general
·2 hours ago
Albanese insists broken negative gearing promise will benefit nation
Prime Minister Anthony Albanese acknowledged breaking an election promise to avoid negative gearing reform, arguing the change will boost home ownership. Labor's budget limits negative gearing and capital gains tax discounts to newly built homes from July 2027. The Coalition vows to fight the policy, claiming Treasury modelling shows 35,000 fewer homes will be built over a decade.
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