CANBERRA, ACT, June 2 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Budget, housing, One Nation polling
Sally Sara:
Well, federal MPs return to federal parliament today with the lower house set to debate the government's proposed changes to negative gearing and the capital gains tax discount. But the prospect of a downturn in the housing market has complicated the pitch to young voters.
Jim Chalmers is the federal Treasurer. Treasurer, welcome back to Radio National Breakfast.
Jim Chalmers:
Thanks very much, Sally.
Sara:
So let's look at what's happening. If house prices fall a few percentage points and the result is more first‑home buyers, is that a good thing?
Chalmers:
Well, first of all, ...