Tax Reforms Boost Housing Affordability for Young Australians

Changes to capital gains tax discounts and negative gearing, introduced in the May budget, are credited with tackling core housing issues. This has led to the largest affordability improvement in 50 years, according to the Australia Institute.

For Melbourne's western growth corridor, these policy shifts could gradually make homeownership more accessible for first-time buyers. Investors may need to re-evaluate strategies, focusing on new supply rather than established properties.