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There are reports that Albo’s cowards are preparing major housing tax reforms for the May budget, focusing on changes to negative gearing and capital gains tax (CGT) to improve housing affordability and boost new construction.
Both policies are expected to be included, signalling a significant shift in economic strategy aimed at increasing housing supply while maintaining incentives for investment in new developments.
A key proposal under consideration is restricting negative gearing benefits to newly built properties only.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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