Australia news live: Julian Hill claims Labor has ‘won the debate’ on housing tax changes; homelessness soars in NSW
Summary
A Labor MP, Julian Hill, said the government has won the debate on changes to property tax rules, like negative gearing and capital gains tax. At the same time, homelessness in New South Wales has increased by 75% over six years.Key Facts
- Julian Hill is a member of the Labor Party in Australia.
- He stated the government is winning the debate about housing tax changes.
- The tax changes involve negative gearing and capital gains tax on property.
- Negative gearing is a tax strategy related to investment properties.
- The goal of these changes is to help young Australians afford homes.
- Homelessness in New South Wales has risen by 75% in six years.
- The homelessness data comes from a report by Homelessness NSW using street counts.
- The discussion took place during a parliamentary session and later on an ABC news program.
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