Australia’s parliament has passed Labor government tax reforms that restrict tax concessions for existing property investors and raise capital gains tax, aiming to curb investor demand and improve housing affordability. The bill, approved in the Senate earlier, cleared the House on Thursday. Finance Minister Chalmers said the measures are intended to reduce investor inflows that displace first-time buyers.

2026-06-25

Australia’s parliament has passed Labor government tax reforms that restrict tax concessions for existing property investors and raise capital gains tax, aiming to curb investor demand and improve housing affordability. The bill, approved in the Senate earlier, cleared the House on Thursday. Finance Minister Chalmers said the measures are intended to reduce investor inflows that displace first-time buyers.