Katie Gallagher

housing from income for a start.

And so we've seen very significant house, particularly detached housing growth over that time.

And that's been beneficial for those under the CGT arrangements.

It hasn't been for other types of investments.

So units and shares have been under, essentially, underachieved.

And

Single dwellings have been the opposite.

So, again, trying to rebalance and put in place like a, you know, essentially this removes inflation and taxes real gains.

In negative gearing, if you're going to buy a new home, you'll have the choice of which way you go.

Don't start on that.

Well, yeah, like we have in this, we've announced in this budget we've got to get the ledge through the pond.

If we were going to do the whole – Well, this is still pretty substantial.

Yeah, like it's a big – you know, I can't think – well, Jim thinks it's, you know, around the time of the GST being introduced in 2000.

This is a big, you know, reform that we are undertaking and, you know, in a sense it's informed by our –

decisions around housing.

You have to see it in that light.

It's an element of what we're trying to do around making sure young people can actually get in.

They're not locked out of the housing market.

Did the war change?

The war has changed a lot in this budget.