57
Unfortunately, they wont do that because too many politicians are also property investors...
Albo also doesn't have the balls to implement that level of change.
He's got three terms minimum, the perfect time to implement long term changes (without the election to election policies we've been doing).
However we've already wasted a term and a half
But GDP line must go up (even if it's not production and actively hurts us).
Anything else is political suicide. /s sort of
That’s completely not true. Look at the register of interests, few properties, many private companies. They are obviously not property investors, just simple business people. Those private companies, of course, make their money from, you guessed it, property investment
Vote Greens.
It’s obvious to me that they always talk radical action and deliver just a tiny incremental change.
The cgt discount will be wound back, but I’m sure it will apply to a tiny fraction of assets under some qualifying criteria like only new sales and only on amounts under 10k (joking but you get what I mean). How are we still collectively thinking “this time they won’t back down”. Of course they will.
this post was submitted on 12 Mar 2026
57 points (98.3% liked)
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