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With just two weeks to go before the federal budget in May, the government has been clear it wants to address “intergenerational equity” in the housing market and the tax system.
The two sacred cows of the current tax system that favour investors over homeowners are negative gearing, and the discounted tax rate on capital gains. The mood in the electorate has shifted since 2019, when Labor’s election loss was partly blamed on its tax proposals. Now that younger peoples’ share of the voting population has increased to about half, reforms are looking more likely.
Proposals for change include limiting negative gearing to one or two properties, or limiting it to new housing construction. As Curtin University’s Rachel Ong ViforJ writes, any changes will need to address concerns about the impact on housing supply and rents.
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Victoria Thieberger
Business and Economics Editor
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Rachel Ong ViforJ, Curtin University
And what might it mean for renters – especially rental housing supply and prices – if the government does tackle negative gearing?
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Rick Sarre, Adelaide University
The federal government gave the states an April 1 deadline to sign on to the buyback. With that date come and gone, the future of the plan is up in the air.
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Michelle Grattan, University of Canberra
A Coalition government would boost Australia’s minimum fuel reserve to 60 days.
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Mark Connick, The University of Queensland; Queensland University of Technology
A sub-two hour marathon was, as recently as 2017, considered unlikely to occur for generations.
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Ray Wills, The University of Western Australia; Peter Newman, Curtin University
Analysts forecast China’s clean exports would plunge. But demand has surged to new heights amid war in Iran.
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Isrrah Malabanan, The University of Melbourne; Patricia Sauri Lavieri, The University of Melbourne
Thousands of Australians are trying out their new EVs. The learning curve isn’t steep, but it does exist.
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Caroline Swee Lin Tan, RMIT University; Saniyat Islam, RMIT University
Fashion made out of recycled polyester mostly uses plastic bottles. That’s not a good thing.
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Judith Bishop, La Trobe University; Ben Santilli, La Trobe University; Juliane Roemhild, La Trobe University; Sara James, La Trobe University
AI offers production-line quality in writing across a range of genres. But the price may be losing our connection to each other’s human experience and emotion.
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Amy Loughman, The University of Melbourne
While we’ve evolved to be able to respond well to immediate threats, our stress-response system is less able deal with the chronic stressors of modern life.
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Health + Medicine
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Courtney P. McLean, Monash University; Chelsea Arnold, Monash University
Here are 4 things to avoid and 3 things to try to help model good eating and body image for your kids.
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Environment + Energy
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Robyn Eckersley, The University of Melbourne
The Liberal-National party is taking a hard-line stance on climate change. But are they just following Pauline Hanson’s lead?
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Science + Technology
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Tegan Clark, Australian National University; Merryn McKinnon, Australian National University
A five-year study of Australian media found three quarters of science stories quoted men.
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Arts + Culture
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Andrew Lynch, Swinburne University of Technology; César Albarrán-Torres, Swinburne University of Technology
For more than a decade, self-professed cinephiles have flocked to the studio for edgy content. But how long can it retain its cult status?
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Books + Ideas
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Kieran Dolin, The University of Western Australia
Journey to the End of Time is a celebration of all forms of love – romantic love, friendship, parental and filial attachment, compassion for others.
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Do 'baby boomers' get too much hate?
“What annoys me is that the general consensus is that all we boomers have had it easy all our lives, that we all own our homes, don’t have a mortgage in retirement, have multiple investment properties and millions in the bank. No doubt there are boomers out there who are in that position however don’t lump us all in the same basket. Many of us are not in that situation at all.”
Elizabeth Harris
NDIS changes
“There is one central issue with reevaluating the functional abilities of any NDIS participant. Current recipients may have been receiving support for many years, and established their current functionality in the context of NDIS programs – after all, that is the aim of the scheme. It is impossible to know what that individual’s functional ability would be if they weren’t receiving NDIS support. Consequently, any decision to remove or reduce NDIS support due to a higher level of functionality is very likely removing precisely the factors which have made that functionality possible in the first place.”
Kim Ter-Horst, Cowan NSW
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