Shadow housing minister Jason Clare has warned that the housing affordability crisis has not eased since Labor lost the 18 May election, adding that it may get worse. He has raised the prospect that Labor could go into the next federal election with a modified version of its proposed changes to the capital gains and negative gearing regimes that were rejected by voters in May. From The AFR:
Opposition frontbencher Jason Clare has left open the option of Labor taking a variation of its negative gearing or capital gains tax policies to the next election…
“The economy is weak, unemployment is up, underemployment is chronic, part-time and casual work is becoming more the norm, and wages are flat.
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