The Parliamentary Budget Office warns phasing out property tax breaks may 'trigger a significant economic shock'
It was more than a decade ago when Ms Wannell, now 71, had been working in a hospital in community welfare but, after an accident, was forced to go onto the disability pension.
Prime Minister Anthony Albanese met with premiers and chief ministers from around Australia, including Western Australia's Mark McGowan and Queensland's Annastacia Palaszczuk on Friday, April 28. Another 0.25 per cent rise — tipped to be delivered by the Reserve Bank of Australia on Tuesday — will put more Australians in housing stress.Its signature items include greater tax concessions for property developers, which the government says will encourage them to build more affordable housing.
The PBO notes that, because the proposal would "greatly reduce the return on investment for landlords", it's likely that "many would be unlikely to invest without either a significant fall in prices or a significant increase in rents". Upon her arrival, she was supported through AnglicareSA's humanitarian settlement program with short-term accommodation, before being provided with a long-term housing trust home in Adelaide's northern suburbs.
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