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Australia news live: Julian Hill claims Labor has ‘won the debate’ on housing tax changes; homelessness soars in NSW | Australia news

Labor MP claims government ‘won debate’ on house tax changes

Luca Ittimani

A Labor MP has declared victory in the debate over the government’s tax reforms, making a bit of meta-commentary at the end of parliament’s fortnight.

Julian Hill He commented on ABC’s Afternoon Briefing on Thursday.

Tepe said:

double quotesI believe the government has won the argument on negative gearing. I believe we have won the debate on the capital gains tax on real estate.

And while we are winning the argument, we still have a way to go to eliminate the distortion that would otherwise arise. … I think we are winning the argument… Start-ups etc. We are still interested in .

But I firmly believe we have won the debate on property and giving young Australians a fair opportunity in the housing market.

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Labour’s share capital scheme buying aid approved 2,589 applications in five months

Luca Ittimani

Luca Ittimani

Housing Australia officials have announced that 2,589 applications have been approved under Labour’s Help to Buy programme.

Alia AyoubThe executive leader of the purchasing assistance program told the Senate it received 5,323 applications from December 5, 2025 to April 30, 2026, and estimated that 2,589 of them had “found a home”.

Senator Andrew Bragg Ayoub asked why the plan was marked as “risk” in the portfolio budget statement and said:

double quotesWe had a prediction that we would make 10,000 applications a year. However, the program started on December 5. If he had been working all year he would have received 10,000.

Ben Rimmer, The director general of the Treasury’s housing group said the operating cost of the scheme was $21 million, above forward estimates, while the money spent on purchasing housing shares was about $1.6 billion this year and $6.9 billion according to forward estimates. Rimmer said about the second figure:

double quotesAt this point we don’t know whether this will be a cost or a benefit to the Commonwealth’s bottom line. If house prices continue to rise gradually over time, this will actually benefit the Commonwealth.

We previously reported that more than 312,000 people have benefited from the government’s 5% first home purchase guarantee scheme since 2022, including 251,000 under Labour. Approximately 51,000 of those accessing this program were permanent residents.

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