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Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster

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Submitted ⁨⁨1⁩ ⁨week⁩ ago⁩ by ⁨zero_gravitas@aussie.zone⁩ to ⁨australianpolitics@aussie.zone⁩

https://www.theguardian.com/australia-news/2026/may/12/australia-federal-budget-2026-tax-capital-gains-negative-gearing-economy-housing-ndis-cost-of-living-oil-prices

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  • Gorgritch_umie_killa@aussie.zone ⁨1⁩ ⁨week⁩ ago

    Bit of a mixed bag. I’m glad negative gearing and capital gains are finally allowed to be touched. Unfortunately the decades of damage is done, yet plenty of people still think absurdly high asset prices, especially in housing, can only be a good thing for a nation.

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