The new federal budget reforms, including changes to negative gearing and capital gains tax, will significantly impact Australian property markets by affecting homeowners, first home buyers, investors, and the broader housing supply and affordability dynamics, particularly in the context of current economic challenges like high inflation and rising living costs.
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What could the new budget reforms mean for Australian property?Added:
They don't have any other income. They don't qualify for the pension, and they are struggling. And really struggling right now. So, you know, we've got enough going on in the Australian economy. We've obviously got highest inflation we've had for for consecutive periods that that is not under control.
Um I don't think anyone saw the war in the Middle East happening in that early part of March, but seeing that the damage done to higher cost of living at the gas station, and it's not just filling the car up, extra $60 or $70 per week out of family budget, which is $3,000 a year. That's a lot. It's not that. It's when they eventually going to go for groceries and have to pay cuz everything we're learning now has diesel, fuel, or oil in
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