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Chalmers maintains tax changes about making a ‘tangible difference’ in the housing market

Chalmers says he understands some Australians will have “strong views” about the politics surrounding the changes to the capital gains tax discount and negative gearing. He went on:

We understand that people will have strong views about the politics of this but it is the substance of the changes that we are making that matters most and the substance of what we are announcing today: tens of thousands of new homes for Queenslanders including tens of thousands of homes for first home buyers.

This is how you make a tangible difference to the housing market in this country, taking difficult decisions, building more homes, making more of those homes available to first home buyers.

I’m confident that the substance of what we’re doing is the right decision, taken for the right reasons.

This is a budget which makes hard decisions to get more Australians into homes.

It is a budget for workers, a budget for first home buyers and a budget for future generations who would otherwise be locked out of the housing market.