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Chalmers' Budget: Housing Fixes & Tax Tweaks
Description
Treasurer Jim Chalmers unveils fifth federal budget, focusing on housing and tax adjustments. Key moves include limiting negative gearing for new investors, increasing housing supply, and giving workers a $250 tax cut. Reactions are mixed, with some praising the worker relief and supply boosts, but critics question if it goes far enough on tax breaks for investors. The budget aims to level the field for young buyers and everyday workers, but its success hinges on delivery and impact on the housing market and wallets.
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