Australia Says Tax Changes Aim to Fix Broken Housing Market Australia's Treasurer, Jim Chalmers, has made it clear that the government's proposed changes to capital gains tax laws are intended to address the country's troubled housing market.
However, whether these tweaks will be enough to put a dent in skyrocketing prices and rising rents is uncertain.
A Market in Crisis In cities like Sydney, where house prices continue to rise unabated, it's becoming increasingly difficult for first time buyers to get a foothold on the property ladder.