Investors pushed aside as budget backs young buyers

“The Bank of Mum and Dad” has become one of the only realistic paths into Australia’s housing market for many young people. Last night's federal budget included major housing reforms, from changes to negative gearing and capital gains tax concessions to expanded first-home buyer support and billions aimed at building new homes. The Government says the changes will help younger Australians enter the market. Critics argue they still won’t fix affordability fast enough. The Briefing: 'Budget reactions, from love to hate' #auspol #australia #federalbudget #albanese #housingcrisis