Additionally, the 50 per cent CGT discount for individuals, trusts and partnerships will be replaced with cost base indexation and a 30 per cent minimum tax rate.<\/p>\n
Ms O\u2019Neil said the measures would add 30,000 new homes that were \u201cdesperately needed\u201d and called the raft of reforms a \u201creally good step forward for us\u201d.<\/p>\n
Sky News Political Editor Andrew Clennell pressed Ms O\u2019Neil on whether the new economic measures would impact the value of homes for young buyers.<\/p>\n
\u201cClare O\u2019Neil, you keep saying \u2018level playing field\u2019, but if I\u2019m a young, first-home buyer, I\u2019m trying to buy a house in outer suburban Sydney for a million bucks, and the person who bought it, bought it for $200,000 \u2026 that\u2019s not really a level playing field, is it?\u201d Clennell said.<\/p>\n
Ms O\u2019Neil said the housing system was \u201ccooked\u201d and that she was concerned that young couples are \u201chalf as likely\u201d to own their own home as they were in 1980.<\/p>\n
\u201cWe want people on normal incomes around our nation to have a fair shot at getting into housing. Now, this is not going to fix the problem overnight, but these tax concessions are a really meaningful part of the challenge,\u201d she said.<\/p>\n
\u201cIf I take a low-income young couple today, they’re half as likely to own their own home in Australia than they were in the year that I was born. That’s not good for them, and it is really not good for the country.\u201d<\/p>\n
![\"Housing](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/7cb5f25790c982f614940416223d87e8.jpeg\")
<\/p>\n
Treasury modelling forecasts housing prices slowing by about\u00a02 percentage points over the next couple of years, with\u00a075,000 additional owner-occupiers\u00a0entering the market over the decade.<\/p>\n
Rents are predicted to rise by\u00a0less than $2 per week\u00a0above their baseline trajectory.<\/p>\n
Ms O\u2019Neil could not confirm if property values would sink below loan amounts, causing “negative equity” for young buyers.<\/p>\n
The Housing Minister refused to answer the question twice, telling Sky News a quarter of a million young Australians had bought their first home with Labor\u2019s five per cent deposit scheme.<\/p>\n
Ms O’Neil was asked to answer the question, to which she conceded that house prices will continue to go up, flagging that prices will end up just $20,000 lower than they would have been.<\/p>\n
\u201cPrice movements occur in the housing market,\u201d Ms O\u2019Neil said.<\/p>\n
\u201cWhat Treasury is predicting is that housing prices will continue to grow, but they will grow at a slower rate.<\/p>\n
\u201cThe truth is we’ve got the balance right here. The Treasury modelling shows us the likely effect of these changes is a moderate reduction in the pace of growth of house prices that will lead to somewhere around a $20,000 reduction for the first home buyer who’s paying it at the end of the day.\u201d<\/p>\n
Ms O\u2019Neil then launched into an attack on the opposition, claiming the Liberals were floundering on the issue.<\/p>\n