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The Guardian - AU
The Guardian - AU
National
Paul Karp Chief political correspondent

‘Easier to buy your 10th house than your first’: Unions NSW joins push to reform negative gearing and capital gains tax

Unions NSW capital gains Mark Morey Greens Labor Guardian Essential
Homes on Queensland's Gold Coast
The union’s survey comes on the heels of a Guardian Essential poll finding half the Australian electorate in favour of reforming negative gearing, with just 16% opposed. Photograph: Russell Freeman/AAP

Unions NSW has thrown its support behind reform of the negative gearing and capital gains tax concessions, arguing that the housing market is “fundamentally broken”.

The Unions NSW secretary, Mark Morey, is now calling on the Albanese government to reform the tax concessions and reinvest “profound savings” in housing, such as by expanding the Housing Australia Future Fund.

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