Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

Labor’s anticipated reforms are not a panacea, but they could nudge Australia toward a more equitable trajectory

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The Albanese government is preparing to unveil a budget that will recast housing as shelter – rather than a financial tool – in changes that have already sparked heated warnings that rents will rocket and housing supply will be curtailed.

Those warnings are best ignored.