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AAP
AAP
Business
Zac de Silva and Poppy Johnston

Labor shrugs off claim tax shift will sink house prices

Labor Angus Taylor Jim Chalmers capital gains
Treasury modelling shows dwelling prices will continue to rise under Labor's investment tax changes. (Lukas Coch/AAP PHOTOS)

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.

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