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AAP
AAP
Politics
Jacob Shteyman

Unions call for capital gains rethink as approvals fall

Just over 195,000 new homes were approved in 2025, below what's required to meet national targets. (Mick Tsikas/AAP PHOTOS)

The peak union body has urged the Albanese government to push ahead with tax reform to help get more young workers into homes, as fresh data shows Australia falling behind its housing supply target.

The Australian Council of Trade Unions called for the capital gains tax discount to be cut in half from 50 per cent to 25 per cent, arguing the generous concession incentivises professional landlords to invest in property, driving up prices.

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