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Australian Government to review negative gearing, capital gains tax, to address housing crisis

Author
Newstalk ZB,
Publish Date
Thu, 26 Sep 2024, 5:35pm
Photo / NZME
Photo / NZME

Australian Government to review negative gearing, capital gains tax, to address housing crisis

Author
Newstalk ZB,
Publish Date
Thu, 26 Sep 2024, 5:35pm

Over in Australia, negative gearing and capital gains tax changes are on the political agenda in a bid to reduce problems in the housing market. 

The Labour Government has confirmed that the current tax concessions are set to undergo a review.

Australian correspondent Murray Olds says Prime Minister Anthony Albanese has acknowledged the complaints of younger voters hoping to get a spot on the property ladder. 

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