Australia’s rents were soaring long before the budget

Since the Albanese government announced that negative gearing and the 50% capital gains tax discount would no longer apply to properties purchased from budget night onwards, the issue of the changes impact on rents has been a major point of discussion and contention.

The popularised claim is that by making changes to the two policies the Albanese government has sent rents soaring.

As with the claims surrounding the 1985-1987 removal of negative gearing, they do not hold water once examined in greater detail.