Govt’s hidden housing bombshell revealed:
Treasurer Jim Chalmers was warned in confidential Treasury advice that planned tax changes would put downward pressure ...
news.com.au/national/politics/biggest-crash-in-40-years-treasurer-under-fire-over-impact-of-cgt-reforms/news-story/38b4dd38d424b17a8bfeee07a83417bf
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Australia faces a possible major housing downturnSydney prices are forecast to fall by up to 18 per cent annually, while the government defends its tax reforms.
Key FactsSep 7, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: news.com.au
Summary created with AI assistance · Source: news.com.au
- Five-year price increases reached 75 per cent in Adelaide, 120 in Brisbane, 109 in Perth and 57 in Sydney.
- Rising interest rates and changes to negative gearing and capital gains tax are hitting the market; Sydney is forecast to fall up to 18 per cent annually.
- Treasury modelling suggests the reforms will produce around 75,000 additional owner-occupiers over the decade.
- Tim Wilson said Sydney was facing the biggest crash in 40 years; Clare O’Neil said the downturn was not unprecedented.
Sydney house prices are plummeting so fast that they are on track for the biggest crash in 40 years. The Prime Minister has not been transparent with Australians on modelling.— Tim Wilson, Liberal frontbencher, in question time
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