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Australian P.M. Albanese Outlines Comprehensive Tax Changes to Aid Housing Affordability
May 29, 2026
WASHINGTON, May 29 -- In a television interview on ABC Afternoon Briefing, Prime Minister Anthony Albanese outlined a series of proposed structural changes to the Australian tax system designed to improve housing accessibility for younger generations. Albanese detailed the framework, which modifies negative gearing to apply only to newly constructed homes and adjusts the Capital Gains Tax to shift preference from asset accumulation toward income earned through workforce participation.

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