Australia politics live: bank expects home price reduction from budget to be more than twice government forecast
The Commonwealth Bank of Australia predicts that proposed government changes to capital gains tax and negative gearing will reduce house prices by 5%. This forecast is significantly higher than the government's own Treasury projections.
Why it matters
Discrepancies between bank forecasts and government policy modeling can influence voter sentiment and economic policy debates regarding housing affordability.
Good morning and welcome to our live politics blog. I’m Martin Farrer with the top overnight stories and then it will be Krishani Dhanji with the main action.
The report presents conflicting economic forecasts neutrally within a live news blog format.
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