Investor tax hikes boost home ownership, hit supply
Tax hikes on property investors are projected to ease home price growth but hurt the government’s primary focus of boosting housing supply. Scrapping negative gearing and the 50 per cent…
Australians move to regions seeking affordable housing
House prices in the regions are growing faster than the capitals as Australians abandon big cities in search of affordability. In the three months to April, regional dwelling values increased…
Scary alert! Like negative gearing? Buy shares!
Michael Pascoe thought no budget had had a bigger build up than this one. As it turns out … In summary, this Chalmers budget is wildly optimistic on housing investment,…
Targets and tests firm up for migrants under budget
Skilled migrants already onshore are set to benefit from changes to how Australia processes arrivals from overseas, the federal budget reveals. Of the 185,000 places allocated for permanent migrants, more…
Trump’s ‘Golden Dome’ would cost seven times promise
President Donald Trump’s plan to put weapons in space – pitched as a “Golden Dome for America” missile defence program – would cost about seven times as much as originally…
Chalmers puckers up for fight over investor tax stings
Labor is readying for a bruising fight with property investors and wealthier Australians as it begins making the case for major tax reforms, including a crackdown on property investments. Jim…
Electric car owners dodge road charge but pay more tax
Australia’s electric car drivers may escape a road-user charge for another year but will pay more tax under measures revealed in the federal budget. The changes are part of several…
Pressured media sector boosted by broadcast tax cuts
Australian media organisations including the nation’s independent newswire will receive a government funding injection to safeguard against industry upheaval. Tuesday’s federal budget included funding boosts to the ABC, SBS and…
Small beer: revenue from gas export tax set to plummet
Australia’s gas export tax take is set to crater, despite a surge in liquefied natural gas prices driven by the Iran war. Higher commodity prices are set to boost company…
Chalmers’ budget. From landlord paradise to clever country?
Hailed as the biggest reform since the GST, Treasurer Jim Chalmers promises cheaper houses through first home buyer support, negative gearing and Capital Gains Tax changes. Harry Chemay reports from…