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First home buyers 'up and about' at auctions after negative gearing changes
Key takeaways
- One auctioneer says younger buyers are "up and about" in response to the government's tax reforms.
- First home buyers say they are encouraged by the government's reforms to negative gearing and the capital gains tax discount, at the first Saturday auctions since Tuesday's federal budget.
- Prime Minister Anthony Albanese says the changes are aimed at levelling the playing field for young buyers bidding against property investors.
Why this matters: an international story with cross-border implications worth tracking.
One auctioneer says younger buyers are "up and about" in response to the government's tax reforms. (AAP Image: Diego Fedele)
First home buyers say they are encouraged by the government's reforms to negative gearing and the capital gains tax discount, at the first Saturday auctions since Tuesday's federal budget.
Prime Minister Anthony Albanese says the changes are aimed at levelling the playing field for young buyers bidding against property investors.
Article preview — originally published by ABC Australia. Full story at the source.
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