Australia plans budget measures to tackle soaring home prices

3 articles · Updated · Bloomberg · May 9

Treasurer Jim Chalmers said in Canberra the steps will be unveiled in Tuesday's federal budget, his fifth annual budget, and aim to help more people gain a foothold in the housing market.
Chalmers said housing has become a defining anxiety for Australians and argued the current housing market and tax system are increasingly unfair and unacceptable.
The measures signal housing affordability will be a central budget focus as the government responds to mounting pressure over access to home ownership.

Will Australia's housing reforms make homes affordable or just push rents even higher?

Can building more homes solve the crisis when tax rules still favor investors?