Federal Treasurer Jim Chalmers has welcomed the decline in auction clearance rates, stating it is a positive development for first home buyers. Speaking on Monday, Chalmers noted that if the changes make it easier for new buyers to compete at auctions, then that is a good thing. The drop follows recent amendments to the capital gains tax discount and negative gearing in the last month's federal budget.
Multiple Factors at Play
Chalmers emphasized that the budget is not the sole reason for the decline. He pointed to other influences such as interest rates, which had already been affecting auction clearance rates before the budget. The treasurer's comments come amid ongoing discussions about housing affordability in Australia.
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Before Bed Read
Dee Jefferson took on the challenge of taking four dance classes in a weekend at Melbourne's Rising winter arts festival, rediscovering simple joy. The experience highlights the benefits of stepping out of one's comfort zone.
Daily Word Game
Today's Wordiply starter word is NEAR. Players have five attempts to find the longest word including 'near'.
