Australia to Tackle ‘Unacceptable’ Housing Market, Chalmers Says

Australia’s upcoming budget will take aim at soaring home prices and seek to make it easier for people to gain a foothold in the housing market, Treasurer Jim Chalmers said.

“The housing market is one of the defining anxieties that people have about our economy and about our society,” Chalmers said in an interview in Canberra Sunday, two days before he unveils his fifth annual budget. “It’s very clear to me now - increasingly clear - that the status quo in housing and in the tax system is unfair and unacceptable.”