Property Tax Reforms Boost Housing Affordability

Property tax reforms, including adjustments to the capital gains tax discount and negative gearing, are credited with improving housing affordability. This policy shift has also encouraged investors to focus on building new homes rather than acquiring existing ones.

For Melbourne's western growth corridor, these reforms could stimulate new housing supply, potentially easing price pressures and offering more options for first-time buyers. Investors might find new construction projects more appealing under the revised tax landscape.