SMH · Shane Wright · Tuesday 12 May 2026
Budget night tax tweaks promise 75,000 young Australians a home, while leaving the architecture that locked them out largely intact.
Seventy-five thousand young people into a home and two and a half million investors keeping the settings that priced them out in the first place. Hawke looked at negative gearing in '85 and lost his nerve inside eighteen months. Forty years later Chalmers has found the courage to tinker at the edges and call it reform. The market's already priced in the timidity.