Australian P.M. Albanese Defends Housing and Tax Reforms on ABC AM
May 13, 2026
May 13, 2026
WASHINGTON, May 13 -- In a radio interview with ABC AM from Canberra, Australian Prime Minister Anthony Albanese outlined a budget strategy focused on resilience and reform, centered on controversial changes to negative gearing and capital gains tax. Albanese stated that his government changed its position on these taxes to prevent the Australian dream of home ownership from disappearing for the current generation, estimating the move will help 75,000 people enter the market.
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