Australia news live: Chalmers complains of ‘unhinged scare campaign’ against budget as Taylor calls new trust rules a ‘death tax by stealth’
Prime Minister Anthony Albanese is promoting the latest federal budget changes during a three-state tour. He emphasizes the need for fairness in the housing market, particularly regarding capital gains tax and negative gearing. Albanese argues that these changes will help first home buyers compete more effectively against investors.
- ▪Albanese is on a three-state tour to discuss budget changes.
- ▪He highlights the impact of tax changes on first home buyers.
- ▪The Prime Minister argues that current investor advantages are unfair.
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| Original publisher | World news | The Guardian |
| Canonical URL | https://www.theguardian.com/australia-news/live/2026/may/18/australia-news-live-nsw-victoria-queensland-politics-labor-liberal-coalition-melbourne-sydney-brisbane-economy-weather-ntwnfb |
| Publication time | Mon, 18 May 2026 06:14:16 GMT |
| Retrieval time | 2026-05-17T21:38:20.974Z |
| Last seen | 2026-05-18T06:24:35.393Z |
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Opening excerpt (first ~120 words) tap to expand
3m ago17.34 EDTAlbanese on three-state blitz to tout budget tax changesThe prime minister, Anthony Albanese, is speaking on Triple M Hobart this morning about the budget plans, continuing the campaign to tout the latest federal budget. He’s stressing once more that changes to the capital gains tax discount and negative gearing are a recalibration of fairness in the housing system.He said: double quotation markFirst home buyers who rock up to an auction, and they’re competing against an investor, the investor has the taxpayer by their side. If they [the investor] have to choose, and they get down to the business end … they’re in a stronger position, because the taxpayer, [if they have to pay more], they have increased tax deductions … now that’s not fair.
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