Australia politics live: Anthony Albanese says tax reforms ‘make system fairer’ and backs Paul Hogan on Pauline Hanson
Summary
Prime Minister Anthony Albanese defended recent tax changes aimed at making housing more affordable for young people. He said the government wants to reduce unfair advantages for investors and help more Australians own homes, despite some recent falls in house prices.Key Facts
- Albanese appeared on ABC’s 7.30 program to discuss housing reforms.
- He said the tax changes prevent investors from getting big tax breaks when they bid high prices on homes.
- House prices have risen by 400% since 1999, more than twice the growth in wages.
- Homeownership rates for younger Australians have been falling.
- Treasury estimates expect house prices to keep rising but at a slower pace.
- Major banks predict house prices will stay flat or fall slightly until 2026.
- Albanese wants to avoid a society where younger and older generations have very different chances of owning homes.
- He also praised actor Paul Hogan for opposing political attacks on Australia’s multicultural society.
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