The Australian Dream of home ownership is slipping out of the reach of too many middle class and working class families. First time buyers are being priced out by wealthy residential property investors who own several homes.
The good news is, Labor has a plan to bring fairness back into the housing market.
We’ll reform negative gearing and capital gains tax to make sure the housing market works for all Australians. This will level the playing field for first home buyers competing with investors.