The Australian Treasurer Jim Chalmers has not ruled out potential changes to capital gains tax, which currently offers a 50% discount on profits from assets held over a year. The proposed changes could reduce this discount, sparking debate between property industry representatives who warn of impacts on mum-and-dad investors and rental supply, and Greens Senator Nick McKim who argues the current system unfairly benefits wealthy property speculators at a cost of $22 billion annually to the Commonwealth budget. Both sides acknowledge Australia's housing supply shortage remains the fundamental issue driving affordability challenges.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

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Sunrise

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

Capital gains tax changes spark property debate

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