Federal budget tax changes may curb Australian housing investor demand and improve affordability

Australian housing prices may stagnate or fall, potentially ending a 30-year boom. Proposed tax changes aim to curb investor demand and improve affordability. Economists predict home prices may grow no faster than inflation for years. This follows a period where home ownership became increasingly unaffordable for younger Australians. The government's tax reforms target investor benefits like negative gearing and capital gains tax discounts, potentially impacting banks, real estate agents, and state revenues.