Prime Minister Seeks 2 Tax Rule Changes to Cool 'Bonkers' Housing Market
Updated
Updated · Nine · Jun 6
Prime Minister Seeks 2 Tax Rule Changes to Cool 'Bonkers' Housing Market
2 articles · Updated · Nine · Jun 6
Summary
Australia's prime minister called the housing market "bonkers" and proposed changing negative gearing and capital gains tax rules to slow price growth.
The tax changes are aimed at putting the brakes on housing costs that are straining buyers, sellers and renters across the market.
A Current Affair framed the move around where the property market heads next, with Domain property editor Alice Stolz discussing the outlook in a televised interview.