Housing Minister Clare O'Neil said the government's proposed tax changes on negative gearing and capital gains tax would have only a mild impact on house prices, dismissing predictions of a 10 percent decline. Treasury forecast house price growth would slow by about 2 percent in the short term, while the government's $2 billion housing infrastructure investment is expected to deliver a net increase of 30,000 homes.
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Housing Minister Clare O'Neil said the government's proposed tax changes on negative gearing and capital gains tax would have only a mild impact on house prices, dismissing predictions of a 10 percent decline. Treasury forecast house price growth would slow by about 2 percent in the short term, while the government's $2 billion housing infrastructure investment is expected to deliver a net increase of 30,000 homes.