Aug 7, 2026 – 1.02pmThe NSW Premier Chris Minns says federal tax changes are exacerbating the downturn in property prices, although Labor’s union backers have welcomed the improvement in affordability in one of the world’s most expensive property markets.The Albanese government’s changes – phasing out negative gearing for existing dwellings and reducing the capital gains tax concession – are “obviously having an impact on affordability”, Minns told the Housing Now conference in Sydney on Friday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Federal budget is improving housing affordability, Chris Minns says
Housing advocates and Labor’s union base are cheering improved affordability in Sydney, one of the world’s most expensive housing markets.
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