Campaign Advocates for Fair Housing Policies
Everybodys Home, a national housing campaign, is encouraged by reports that the Albanese Government might scrap the capital gains tax (CGT) discount on properties, potentially reverting to the pre-1999 taxation system. This move aims to enhance housing affordability and equity in Australia.
Media reports today suggest Treasurer Jim Chalmers is considering ending the current 50 per cent CGT discount on property investments. Treasurer Chalmers did not comment directly but sources indicate that discussions are ongoing.
Everybody’s Home spokesperson Maiy Azize described the potential policy shift as a pivotal moment for housing fairness. “Scrapping the CGT discount would be one of the most positive steps any government has taken on housing in a generation,” Ms. Azize said. The changes could be implemented as early as the next fiscal year if approved.
Impact on the Housing Crisis
“We are really encouraged by media reports that the federal government is looking to end the CGT discount and return to a much fairer system,” Azize noted. She highlighted that current tax incentives like CGT discounts and negative gearing worsen the housing crisis by benefitting property investors over first-time buyers and renters.
According to Azize, “Billions of taxpayer dollars line the pockets of property investors every year while first home buyers are locked out and renters are stretched to breaking point.” She emphasised that reallocating resources to build affordable housing aligns with government goals to improve intergenerational equity. The current housing market dynamics have been a concern for many Australians.
Azize dismissed property lobby concerns that removing investor tax breaks would increase prices and decrease supply. “The property lobby will cry that scrapping investor tax breaks will push up prices and choke supply. But they have a vested interest to resist reforms that would make housing more affordable,” she explained.
Public dissatisfaction with the current system is widespread, according to Azize. “Australians aren’t buying the property lobby’s spin. They know investor tax breaks are unfair and make the housing crisis worse,” she added. Australians are voicing concerns daily about renters pushed to the edge, first home buyers locked out, and parents worried about their childrens future. Recent surveys show a majority of Australians support changes in tax policies to improve housing affordability.
This decision is seen as a once-in-a-generation opportunity to address housing affordability. “This is a once-in-a-generation chance to make housing fairer for all Australians,” Azize stated. “We, alongside millions of Australians, are urging the government to take it.”
Contact details for further information are Sofie at 0403 920 301 and Lauren at 0422 581 506.
Last updated: 20 April 2026, 12:19 pm
