Summary of new proposals around investment in residential rentals

The government has announced the following changes with the intention to curb the price rise in the housing market.

• Extend the bright-line test from 5 years to 10 years, and some other changes for the main home exemption
• Remove interest deductions for residential rentals
• Invest $3.8 billion into a Housing Acceleration Fund
• Loosen the income and price caps for first home buyers accessing government assistance

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