Economists divided on extent of property price hit from budget tax overhaul

Economists are divided on property price impacts from Australia's 2026 budget tax overhaul, with forecasts ranging from 1 to 5 percent declines. Commonwealth Bank expects house prices eventually 3 percent lower, while some predict minimal impact due to grandfathering existing investors' tax benefits. The changes target capital gains taxation and negative gearing for new housing to address intergenerational housing inequality.

Summary by Glance · ABC News – Australia