Australians have become housing hostages. Will the budget set them free?
Australians have been held hostage to the housing market for the better part of this century. The cost…
Centrelink exemption for millions to see more Aussie retirees seek pension to avoid CGT hit: ‘Sharp divide’
The government has exempted income support recipients, such as those on the Age Pension and JobSeeker, from the…
Australia hits its highest number of billionaires on record, with total wealth reaching $686b: Oxfam
Australia has its highest number of billionaires on record, at 178 — an increase of 17 from last…
Is this the tax reform hill Albanese and Chalmers want to die on?
Two questions hang in the air above the now-decaying federal budget, like condors waiting for carrion. First, why…
Budget won’t be ‘main driver’ if house prices fall, housing minister says
Housing Minister Clare O’Neil says if predictions come true that house prices could drop by 10 per cent,…
Property firm Dashdot blames Labor’s capital gains tax, negative gearing changes as it falls into voluntary liquidation
An Australian property portfolio manager has blamed Labor’s negative gearing and capital gains tax changes as his business…
Housing investors are increasingly older and wealthier, Reserve Bank research shows
The share of housing investors aged over 60 has surged in Australia over the past 20 years, while…
Greens likely to play ball with Labor’s timeline for capital gains and negative gearing bill
The Greens appear willing to cooperate with Labor’s timeline to legislate its capital gains tax and negative gearing…
Labor’s capital gains tax challenge deepens as biotech sector raises alarm
Labor’s decision to push ahead with capital gains tax changes without settling critical details around carve-outs for start-ups…
Chalmers says CGT reforms won’t discourage small business growth
Australian Treasurer Jim Chalmers has said overhauls to capital gains tax (CGT) would not discourage small business from…
Unemployment will soar to 15 per cent within five years if Australia fails to innovate during AI boom, Joe Hockey warns
Former treasurer Joe Hockey warned Australia could face 15 per cent unemployment within the coming five years and…
Auction clearance rates drop to 50 per cent following changes to negative gearing and capital gains tax
Negative sentiment around the property sector has started to make its way into the marketplace since the federal…