The Guardian Australia – News
·general
·1 hour ago
Treasurer Chalmers unveils budget reforms targeting housing affordability and cost relief
Australian Treasurer Jim Chalmers delivered an ambitious budget last night, calling it a "road to reform" targeting housing affordability and cost-of-living pressures. The budget abolishes negative gearing for new property investors and replaces the 50% capital gains tax discount, aiming to help 75,000 Australians achieve home ownership over the decade. Officials warn recession looms if global oil prices worsen.
Summary by Glance · The Guardian Australia – News
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