Australia's Housing Crunch: New Rules for Investors

Summary

Australias government is tackling the housing crisis by eliminating tax perks for investors, such as limiting negative gearing to new builds and replacing the capital gains tax discount with an inflation adjustment. This move aims to increase the supply of homes for first-time buyers struggling with skyrocketing prices. The changes, which only affect new …

Show notes

Australias government is tackling the housing crisis by eliminating tax perks for investors, such as limiting negative gearing to new builds and replacing the capital gains tax discount with an inflation adjustment. This move aims to increase the supply of homes for first-time buyers struggling with skyrocketing prices. The changes, which only affect new purchases of older homes, have sparked debate among young and old Australians. While some welcome the reforms as a step towards affordability,

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