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Assistant Foreign Minister Matt Thistlethwaite has admitted the federal government’s tax changes have contributed to falling house prices.
His comments come after Australia’s largest bank, the Commonwealth Bank of Australia (CBA), predicted house prices could fall by 9 percent from their March 2026 peak.
“There’s no doubt that our policies are part of a suite of reasons,” Thistlethwaite told News24 on Sept. 2 when asked if the housing price fall was due to a policy change from his government.
“But we’re confident that we’ve got the balance right because the housing market was out of control and we needed to make housing more affordable.”…
His comments come after Australia’s largest bank, the Commonwealth Bank of Australia (CBA), predicted house prices could fall by 9 percent from their March 2026 peak.
“There’s no doubt that our policies are part of a suite of reasons,” Thistlethwaite told News24 on Sept. 2 when asked if the housing price fall was due to a policy change from his government.
“But we’re confident that we’ve got the balance right because the housing market was out of control and we needed to make housing more affordable.”…
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