Deal to build 50,000 homes in Queensland, Chalmers defends tax changes | ABC NEWS

The Albanese government has reached a deal with Queensland's Crisafulli government to build 50,000 homes in the state, half of which will be earmarked for first home buyers. Jim Chalmers is also defending changes to negative gearing and the capital gains discount, saying the 'status quo for housing is broken and they are fixing it.' Chalmers also clarified details around trusts. He says there are a range of carve outs for discretionary trusts, including for disability trusts and deceased estates. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-18/federal-politics-live-blog-budget-reaction/106690804 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia