First home buyers 'up and about' at auctions after negative gearing changes
First home buyers are feeling optimistic following recent changes to negative gearing and capital gains tax. The government's reforms aim to create a more equitable environment for young buyers competing against property investors. While some critics warn of potential rent increases, economists suggest the changes may actually help stabilize rental prices.
- ▪First home buyers are encouraged by the government's tax reforms aimed at leveling the playing field against property investors.
- ▪Auctioneer Sam Paynter noted that first home buyers are optimistic about entering the market due to the recent changes.
- ▪Prime Minister Anthony Albanese emphasized that the reforms will help young buyers compete without investor subsidies.
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First home buyers buoyed by negative gearing, capital gains changes at first Saturday auctions since budgetSBy Selina BryanTopic:Housing PolicySun 17 May 2026 at 7:06amSun 17 May 2026 at 7:06amSun 17 May 2026 at 7:06amOne auctioneer says younger buyers are "up and about" in response to the government's tax reforms. (AAP Image: Diego Fedele)In short:First home buyers say they are encouraged by the government's reforms to negative gearing and the capital gains tax discount, at the first Saturday auctions since Tuesday's federal budget.Prime Minister Anthony Albanese says the changes are aimed at levelling the playing field for young buyers bidding against property investors.What's next?The opposition has pledged to roll back the changes, saying fewer investment buyers will mean increased…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).