CANBERRA, ACT, May 13 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: federal Budget 2026, housing, tax reform
Natalie Barr:
Good morning to you. Welcome, Treasurer. We keep hearing your line that you're addressing intergenerational inequity. Can you explain how exactly these changes will help young people buy a house?
Jim Chalmers:
Good morning, Nat. Look, one of the main motivations for the changes that we made in the Budget, which we understand are contentious changes, is to make it easier for more young people to get a toehold in the housing market. We've all heard stories of, particularly younger people, fronting up to auctions and being outbid by people who might already have 7 or 8 or 9 homes. So t...