Albo couldn't take his plans to the election to reform the CGT system to favour home buyers over house market speculators because he would, as Rudd, Gillard and Shorten were, be pillared by the Murdoch press. Who buy the way are one of Australias largest housing speculators. So Albo didn't mention his CGT loop hole tax reform. To the rich investors have a good cry to your banker.
House prices are finally falling. Thus more young people can set up a family home. Inevitably but it will take time. Yet once the CGT reforms were brought in house prices dropped on average by 10%.
Below is a little snippet from ABC news. To give an idea why these reforms are important.
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