Housing Slump Deepens as Treasurer Concedes Tax Changes Fueling the Slide

The nation's biggest home lender just put the market on notice: Commonwealth Bank now forecasts Sydney dwelling prices will fall 13 per cent peak-to-trough and Melbourne 12 per cent, with a recovery not expected until the second half of 2027. The warning comes as Treasurer Jim Chalmers admitted on Thursday that Labor's tax changes to negative gearing and capital gains tax are "one of a number of reasons" behind the intensifying downturn — a concession the opposition...