Negative Gearing Is Dead, Unless You’re Already In. Jim Chalmers Explains Why Young Australians Miss Out

The federal budget has dropped… and Australians have opinions.

So Victoria sat down with Australia’s Treasurer, Jim Chalmers, immediately after the budget announcement to ask the questions everyone actually wants answered. From negative gearing and capital gains tax changes to the cost of living crisis, fuel prices, housing affordability, tax cuts and why blueberries suddenly cost what feels like a small mortgage repayment.

They also get into the political backlash surrounding the budget, why the government changed its position on housing tax reform, whether Canberra is disconnected from how tough things feel financially right now, and what Treasurer Chalmers says Australians fundamentally misunderstand about the federal budget.

There’s also unexpected chat about ChatGPT, air fryers, pocket money, coffee machines, influencers, and what it actually feels like to hand down a budget while the internet calls you “The Jim Reaper.”

If you’ve been trying to make sense of what just happened in Canberra, this is the budget breakdown you actually want to hear.

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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.

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