Economy

May 9, 2017

Housing affordability? Nah, never mind

Remember when the government was going to make this budget about housing affordability? Now, not so much.

Josh Taylor — Journalist

Josh Taylor

Journalist

Housing affordability Federal Budget 2017

The much-hyped housing affordability package in the budget is not a silver bullet, Treasurer Scott Morrison has said, with the government opting against angering the base.
Negative gearing and capital gains tax for Australians remain unchanged as part of the 2017 budget, but the government has announced a very few policies to attempt to make it slightly easier to get into the housing market.

“It’s a comprehensive plan, it’s not a silver bullet – nor is it intended to be,” Morrison said in his budget lockup press conference.

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