Government Should ‘Firmly’ Focus on Boosting Housing Supplies: Treasury Secretary

Treasury Secretary Steven Kennedy rejected Greens’ proposal of changing negative gearing and capital gain tax discounts to address the housing crisis.
Government Should ‘Firmly’ Focus on Boosting Housing Supplies: Treasury Secretary
A general view of a residential housing development in Sydney, Australia, on June 28, 2024. Lisa Maree Williams/Getty Images
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Australian Treasury Secretary Steven Kennedy has said the government should focus on boosting supplies instead of implementing new taxation measures to address the current housing crisis in the country.

This comes amid the Greens’ push for the abolition of negative gearing and capital gain tax discounts, which they argue would help renters and first-home buyers.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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