The Point

Speaking at The Australia Institute’s post-budget Politics in the Pub event in Canberra, Chief Economist Greg Jericho and Senior Economist Matt Grudnoff described the government’s changes to negative gearing and the capital gains tax discount as among the most ambitious housing reforms in decades.

Changes to eligibility requirements will see 160,000 participants cut from the scheme over the next four years, as the government looks to cap annual growth at 8 per cent by 2028. Disability advocates are describing the decision as as ‘revolting’, ‘frightening’ and ‘deeply troubling’.

Former oil and gas executives are urging the Albanese government not to use the Middle East crisis as justification for expanding fossil fuel production, warning Australia risks locking itself into an “outdated” energy system as the rest of the world accelerates towards electrification.