Australia braces for impact
Jim Chalmers is putting the finishing touches on his fifth federal budget, with some of the measures starting to be revealed.
Australia’s current housing crisis has been four decades in the marking, says Federal minister Clare O’Neil. And the “madness” of development red tape is at the root of the issue.
Jim Chalmers has played down suggestions possible changes to negative gearing or capital gains tax would be breaking promises with the electorate.
Labor will unveil net savings for the second consecutive budget as it faces claims it is planning a "tax assault on family" through investment changes.
Health, defence and welfare commitments are among fiscal pressures weighing on the federal budget as Treasurer Jim Chalmers vows to put a lid on spending.
Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.
The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.
Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing, and the capital gains tax discount will add to the budget.
Middle East conflict has left Australians 'paying the price' but treasurer warns of more pain to come.
Senior economist predicts changes to negative gearing and CGT will reap massive rewards for the nation.
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