Australian Government Admits Tax Changes Contributed to Housing Downturn
'There's no doubt that our policies are part of a suite of reasons,' Labor Assistant Minister Matt Thistlethwaite said.
TL;DR
- Assistant Foreign Minister Matt Thistlethwaite admitted government tax changes contributed to falling house prices.
- Commonwealth Bank of Australia predicts a 9 percent drop in house prices from their March 2026 peak.
- Thistlethwaite stated that government policies are part of a suite of reasons for the price fall.
- The government aims to make housing more affordable and believes its policies are balancing the market.