{"id":681732,"date":"2026-05-19T22:50:10","date_gmt":"2026-05-19T22:50:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/681732\/"},"modified":"2026-05-19T22:50:10","modified_gmt":"2026-05-19T22:50:10","slug":"australia-news-live-rba-says-rates-and-tax-changes-will-take-steam-out-of-housing-market-trump-was-an-hour-away-from-striking-iran-warns-of-attack-within-days","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/681732\/","title":{"rendered":"Australia news LIVE: RBA says rates and tax changes will take steam out of housing market; Trump was \u2018an hour away\u2019 from striking Iran, warns of attack within days"},"content":{"rendered":"

The government\u2019s federal budget will have \u201calmost no impact on rents\u201d, says Housing Minister Clare O\u2019Neil, insisting \u201cthe pressure on rent will actually be downwards\u201d.<\/p>\n

She said Treasury modelling showed the impact of proposed changes in the budget would see rents increase by no more than $2 a week, and in the long-term, would drive rental prices down by increasing the number of rental properties on the market and reducing competition.<\/p>\n

\"HousingHousing Minister Clare O\u2019Neil says Labor\u2019s budget will put \u201cdownward pressure\u201d on rents. Alex Ellinghausen<\/p>\n

\u201cWe\u2019re building more homes, and rental prices are set based on how many rental properties we have and how many people are in the market, but the thing that renters in this country want most of all, most of them at least, is to become first home buyers, and that\u2019s the big intention of this budget,\u201d O\u2019Neil told Seven\u2019s Sunrise.<\/p>\n

Nationals senator Bridget McKenzie accused the government of failing to account for the impact of inflation \u2013 which is projected to reach 5 per cent by the end of next month, according to Treasurer Jim Chalmers \u2013 on driving up the price of rentals.<\/p>\n

\u201cThey\u2019re planning for inflation to go to 5 per cent, so if you are wanting to build a new house, if you are selling anything right across this economy, inflation is going to 5 per cent. That drives up the cost of everything, including rents,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"The government\u2019s federal budget will have \u201calmost no impact on rents\u201d, says Housing Minister Clare O\u2019Neil, insisting \u201cthe…\n","protected":false},"author":2,"featured_media":681733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-681732","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/681732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=681732"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/681732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/681733"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=681732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=681732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=681732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}