Australia Pushes Capital Gains Tax Overhaul to Fix Housing Market as Young Buyers Are Priced Out
Updated
Updated · Bloomberg · May 17
Australia Pushes Capital Gains Tax Overhaul to Fix Housing Market as Young Buyers Are Priced Out
4 articles · Updated · Bloomberg · May 17
Jim Chalmers said Sunday that changing Australia’s capital gains tax rules is meant to repair what he called a broken housing market.
The treasurer said the current tax system favors housing over other assets, helping drive up home prices and making it harder for young Australians to enter the market.
Chalmers added that those incentives have also made Australian shares relatively less attractive over time, broadening the case for tax reform beyond housing.
Will Australia's housing tax reforms actually help you buy a home, or just make your rent more expensive?
With new laws creating a two-tiered market, what are the hidden risks for current and future property investors?