Albanese defends housing policy backflip | 7NEWS

1 hour ago The Front Page News

Prime Minister Anthony Albanese defends the government’s decision to reform negative gearing and capital gains tax policies, acknowledging a reversal from pre-election commitments. The changes aim to direct property investment towards new builds rather than existing homes, with grandfathering provisions for current arrangements, targeting 75,000 additional young Australians to enter the housing market. The Prime Minister argues the policy shift is necessary as previous housing supply measures proved insufficient to address the housing affordability crisis.

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