Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

AI Summary

The Albanese government in Australia is set to reform housing policies, aiming to treat housing more as shelter rather than a financial asset. These changes, anticipated by investors and housing advocates alike, have sparked discussions surrounding their potential impact on housing supply and rental prices.

Labor’s anticipated reforms are not a panacea, but they could nudge Australia toward a more equitable trajectory Get our breaking news email, free app or daily news podcast The Albanese government is preparing to unveil a budget that will recast housing as shelter – rather than a financial tool – in changes that have already sparked heated warnings that rents will rocket and housing supply will be curtailed. Those warnings are best ignored. Continue reading...