The Government Got Caught HIDING THIS In The Budget
By Scott Kuru
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The government sold these tax changes as help for first home buyers, meanwhile the budget papers tell a very different story. Buried in the detail is an admission that fewer homes may be built and rents may rise. That is the exact opposite of what Aussies were promised. At a time when supply is already weak, construction costs are under pressure and the country is still not building enough homes for its population, that's not a small detail. It's the whole game. If these settings reduce supply and lift rents, the people who wear it hardest will be the exact people this policy was supposed to help.
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