SMH
·general
·2 hours ago
Treasurer Chalmers reforms capital gains tax to help 75000 first-home buyers
Australian Treasurer Jim Chalmers unveiled sweeping reforms to capital gains tax and negative gearing on Tuesday, aiming to help around 75,000 first-home buyers enter the market over the next decade. The bold moves address deteriorating intergenerational equity, with housing prices rising more than twice as fast as wages since 1999.
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