Chalmers aims to fix Australia’s ‘broken’ housing market
The upcoming Federal Budget will provide an antidote to the rise of right-wing populism by tackling Australia’s “broken” housing market, treasurer Jim Chalmers said. As Labor frets over the surge in support for One Nation following its historic win in the Farrer by-election, Chalmers has pitched the government’s plans to scale back investor tax concessions as a way to address a backlash against the mainstream parties. Before the 2025 election, Prime Minister Anthony Albanese promised not to change negative gearing or capital gains arrangements but Labor is set to