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Australia news live: Julian Hill claims Labor has ‘won the debate’ on housing tax changes; homelessness soars in NSW
TL;DR
Labor MP Julian Hill claims victory in the debate over housing tax reforms, asserting that the government has successfully addressed negative gearing and capital gains tax issues. Meanwhile, homelessness continues to rise in New South Wales.
Key points
- Julian Hill claims victory in housing tax debate
- Government addresses negative gearing and capital gains tax
- Homelessness is rising in New South Wales
- Focus on supporting young Australians in housing market
Mentioned in this story
Julian HillLaborNew South Wales
From
A Labor MP has declared victory in the debate over the government’s tax reforms, engaging in a bit of meta-commentary at the end of parliament’s sitting fortnight.
Julian Hill made the comments on the ABC’s Afternoon Briefing on Thursday.
Hill said:
double quotation markI believe the government’s won the debate on negative gearing. I believe we’ve won the debate on capital gains tax on property.
And we’re winning the debate, we got a way to go, on removing the distortion that would otherwise be there. … I think we’re winning the debate … Start ups and so on, we are still engaging on.
But I absolutely believe we’ve won the argument about property and giving young Australians a fair crack at the housing market.
Good morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it’ll be Nick Visser with the main action.
After a week in which Labor’s tax reforms came under a lot of scrutiny, the MP Julian Hill told the ABC that he thinks the government is winning the argument for giving young people a chance at the housing market.
And the number of people sleeping rough in New South Wales has increased 75% in six years, according to a Homelessness NSW report that relies on the state’s street count data.
Explore more on these topics
Q&A
What did Julian Hill say about the housing tax reforms?
Julian Hill stated that the government has won the debate on negative gearing and capital gains tax, emphasizing the need to support young Australians in the housing market.
How is homelessness affecting New South Wales currently?
Homelessness is reportedly soaring in New South Wales, highlighting a significant social issue amid ongoing discussions about housing tax reforms.
What are the key points of the Labor government's housing tax reforms?
The Labor government's housing tax reforms focus on addressing negative gearing and capital gains tax to create a fairer housing market for young Australians.
