Key Takeaway
Bill passed Senate on Wednesday evening and is due back in lower house today. Follow today’s news liveFollow our breaking news email, free app or daily news podcastGovernment ‘very confident’ in Treasury’s forecasts on rent pricesMark Butler says the Labor is still confident of Treasury’s forecasts of the rental market, that showed rents would only increase around $2 per week…
Published August 18, 2026 · Category: News
Overview
Bill passed Senate on Wednesday evening and is due back in lower house today. Follow today’s news live
Government ‘very confident’ in Treasury’s forecasts on rent prices
Mark Butler says the Labor is still confident of Treasury’s forecasts of the rental market, that showed rents would only increase around $2 per week due to the budget changes to negative gearing and capital gains tax.
Details
We’re very confident in our forecast. As Jim Chalmers has said, it’s important to give these sorts of changes some time to settle down … But just think about it logically, James [Glenday]. Remember that the 2.5 million private rental properties in the market that are owned by investors, if they were owned already at budget night and were being negatively geared, that can continue.
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Source
Originally published at www.theguardian.com.
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Bill passed Senate on Wednesday evening and is due back in lower house today. Follow today’s news liveFollow our breaking news email, free app or daily news podcastGovernment ‘very confident’ in Treasury’s forecasts on rent pricesMark Butler says the Labor is still confident of Treasury’s forecasts of the rental market, that showed rents would only increase around $2 per week due to the budget changes to negative gearing and capital gains tax.We’re very confident in our forecast. As Jim Chalmers
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This story was reported by The Guardian World.