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FED:Labor shrugs off claim tax shift will sink house prices

Contentious changes to taxes on property investments won't be the main driver of expected falls in prices, the housing minister says.

As auction clearance rates hit lows not seen since the COVID-19 pandemic, Clare O'Neil said it was unclear how much the planned changes to negative gearing and capital gains taxes would drive down values.

She would not guarantee a key measure of housing construction would improve under Labor's policies.

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