this post was submitted on 05 Jun 2026
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I’d say a lot of them have downvoted based on what sounds like a fervent defence of something most of us are happy to see be taxed or removed.
None of what you say sounds like bad news to me. I’d say there’s probably a lot of others who think the same thing, and are behind this centrist workers party with this part of the budget.
I have no problem with other parts outside housing being reviewed and amended, but these tax concessions should never have been applied to housing in the first place. Labor is doing the right thing by removing them.
Labor were soft. Had it been ‘me’, the grandfathering would have been limited to five years and there would have been investment property ownership limits brought in by 2030 as well.
Why would anyone want the CGT discount removed from shares and other non-housing investments though? Those affect renters too. It’s just another tax grab on money that the government has no right to tax.
I’m fine with removing the discount on housing, but there’s no justifiable reason to remove it from everything else. If it’s about housing like they said, why does it apply to shares?
They’ve also done nothing to address the actual biggest issue - supply and demand. Nothing to increase supply, nothing to decrease demand.