3 MINS AGO! Albanese TREMBLES as C. Newman CRITICIZES Labor's Housing Tax Push

Added: 2026-05-21

[00:00:05]I've watched a number of financial advisers, people who are across the detail on things like trusts today.

[00:00:13]I've got to admit it's given me a headache and I'm not sure I still quite understand it, but the more you dig into those changes and the capital gains tax implications, the more you can see that this is a very sneaky, nasty piece of legislation that they're going to have to put through the parliament if they can get it through.

[00:00:34]Look, it is sneaky, it is nasty, and it actually hurts young people. Let me explain.

[00:00:40]And I think actually, by the way, young people who perhaps are are more astute about their their financial affairs know already that this is a problem.

[00:00:50]I've actually been quite surprised to see young people talking about their investments in shares, their investments in ETFs, exchange-traded funds, and crypto. Uh these young people have been stashing away money. You know, they don't stick it into a bank account and get like 0.4% They're they're trying to actually save for a deposit for a home, and there's quite an outcry on social media, Steve, that these youngsters who actually see that this is this these changes to the CGT regime, for example, are going to hurt them in trying to save for a deposit. Uh they also are getting, I think, that they as first home buyers will be competing with investors for those new residential properties that are being built because you'll be able to negatively gear those. So, the investors will be out there competing against the young who are trying to buy at the periphery of our cities, the new stock that's being built. You know, like the other big thing about this is the complexity. It is a feeding frenzy picnic day for, you know, tax accountants in particular, perhaps lawyers and other accountants as well, mate. I mean, the complexity in the tax system. I was talking to a a partner in one of the you know, the major accounting firms only a couple of days ago and he was just shaking his head with you know, how much that hasn't been answered, how much they don't know and they're going to have to work through try and make head or tail of this.

[00:02:18]You and I have been around long enough to know that we saw Kim Paul Keating try and knock off negative gearing and it and it just sent the real estate market into a spin.

[00:02:26]We're already hearing that landlords intend to increase rents and the rents are going up, you know, dramatically at a time when people can't afford to fill their car up with petrol and afford to pay for their groceries. I mean, it's just making it harder for people who are renting. I mean, the Labor Party in Canberra is trying to have this give us the impression that they're all out there about intergenerational wealth and helping each other helping young people.

[00:02:50]That's not the case at all.

[00:02:53]Look, absolutely, Steve. It is not going to help renters.

[00:02:57]I'm I'm very clear about that.

[00:02:59]And we saw what happened as you just alluded to in the 80s when Keating tried this.

[00:03:04]It is not going to help young people get their first home. I just don't know that it helps anybody other than a federal government who can't live within their means, who need piles of cash coming in to to to feed the beast that they've created.

[00:03:19]That's the bottom line here.

[00:03:21]And again, the dishonesty of this, you cannot brush it away. And by the way, the Prime Minister sort of getting hot under the collar because he's been called out as someone who's got investment properties, who's benefited from net negative gearing net breaks.

[00:03:39]But they're now being denied to the young.

[00:03:42]And he sort of then tries to sort of obfuscate and carry on and get all all hotty totty about it. You know, it's a a question, PM. You know, you do have those properties. You have benefited and it's not about having a go you or your your your partner. It is about pointing out the hypocrisy of what you and Jim Chalmers are doing.

[00:04:05]You think they'd like to introduce a death tax or are they trying to buy stealth?

[00:04:10]Well, we see that on the front page of the Australian Steve and this is a rather obscure bit of the law but some people I'll I'll say right now my wife and I have this arrangement. In our wills when we die, a thing called a testamentary trust is created. We did that not to avoid tax or anything because there is no tax if I just bequeath you know, um my uh estate to my children, they get it. They get to use it. They get to invest it and the earnings they get would be tax for well, be it handled in the normal way by in the tax system. But with a testamentary trust, Jim Chalmers is going to hit the proceeds with 30% tax.

[00:04:49]You know, that wasn't explained. That wasn't acknowledged on the night. That wasn't taken to election and frankly, it's wrong. Imagine if you have a disabled Yeah, imagine if you have a profoundly disabled child and you want to set up one of these trusts for when you die so that they're looked after that they're they're going to be taxed.

[00:05:07]How how how wrong is that?

[00:05:10]The government's very defensive about it. Have a look.

[00:05:13]Has the government introduced a sneaky death tax?

[00:05:17]I I watched this sort of angry Angus performance last night and all of this kind of trying to push out hypotheticals. Discretionary testamentary trusts.

[00:05:27]Are they in the gun? Is the government going to Well, Well, we target those cuz that they are essentially a death tax then. Well, we we have we have set out very clearly an agenda that that is that is really reshaping the property market for young people.

[00:05:44]I suspect Jim Chalmers has got no idea what he's talking about, Campbell.

[00:05:48]Yeah. Yeah, there's only two two There's only two options here, mate. It's either one, he hasn't got a clue, or he's lying through his teeth. And we've seen they've got form now. I mean, you know, like let's face it now. We know that we've got a desperately dishonest Prime Minister and Treasurer. And, you know, it is it is the ultimate lie of Australian politics. If the voters cannot be confident if there is no trust when you when you hear what's said in an election, it makes a total mockery mockery of our democratic process. And and they are a disgrace to to the office.

[00:06:25]I agree completely. Good on you, Campbell. I'll see you next Friday.

[00:06:28]Campbell Newman there.

[00:06:31]Albanese trembles as Campbell Newman slams Labor's housing tax push.

[00:06:37]Good day, Australia.

[00:06:38]Anthony Albanese got caught red-handed.

[00:06:41]And former Queensland Premier Campbell Newman just made absolutely sure the whole country noticed. Because it turns out the man campaigning to reshape Australia's housing tax system has personally benefited from the exact policies he now wants to dismantle. You genuinely cannot make this stuff up. If you love political accountability served fresh and sharp, subscribe right now and hit that notification bell. This story only gets better from here.

[00:07:11]So, here is the setup. Albanese started squirming. Visibly, publicly, uncomfortably when pressed about his own investment properties and his personal history of benefiting from negative gearing. Campbell Newman appeared on Sky News with host Steve Price and called it out with zero hesitation. The Prime Minister was getting, in Newman's own words, hot under the collar.

[00:07:33]And honestly, that reaction tells you everything.

[00:07:37]Here is the golden rule of politics.

[00:07:40]If the policy is so brilliant, why is the man pushing it embarrassed to admit he personally cashed in on the alternative? That is not leadership.

[00:07:49]That is hypocrisy with a press release attached.

[00:07:52]But Newman did not stop there, and this is where it gets really sharp. He questioned who this housing tax push actually serves. His verdict? Not forced home buyers, not struggling renters, not everyday Australians locked out of the property market. According to Newman, it serves a federal government that simply cannot live within its means and desperately needs rivers of cash flowing in to feed the enormous bureaucratic beast it has spent years building.

[00:08:20]Think about that analogy for a second.

[00:08:22]Labor is not fixing the housing crisis.

[00:08:25]It is raiding it for revenue while dressing the whole operation up as compassion. And Albanese, standing there getting hot under the collar, that is not the look of a man defending a great policy. That is the look of a man who got caught.

[00:08:40]Thank you so much for watching. It means everything.