Via Domain:
Treasurer Tim Pallas has recommitted to first-home buyer incentives, says Melbourne’s house price decline should only last 12 months and has welcomed the prospect of negative gearing changes under a federal Labor government.
Mr Pallas, in a wide-ranging interview with Domain, insisted the underlying fundamentals of Victoria’s housing market were very strong, and said Treasury was anticipating the current housing downturn would only last 12 months.