MPs urged to ignore fearmongering and pass Labor’s ‘long overdue’ negative gearing and CGT changes

Exclusive: Any attempt to use the budget measures as an excuse to raise rent is opportunistic profiteering, housing advocates say

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Australia’s peak community and housing groups have urged federal parliament to quickly pass Labor’s changes to negative gearing and capital gains tax, saying the reforms would improve fairness for renters and young homebuyers.

The government may introduce its negative gearing and CGT changes into parliament as soon as the coming sitting fortnight, with hopes of passing the legislation soon after with the support of the Greens.