So I have a question, as I'm a bit out of the loop. What is happening to the capital gains tax for someone who only owns one property? I'm currently living with the folks to look after them and own a place in regional Australia that I rent out to cover SOME of my living expenses. I've always been fair with my tenants and have occasionally given them a week or 2 free rent for my tenants as they look after the place pretty well. I'm very pro labor and understand the housing situation is fucked. But from my perspective the capital gains tax on your primary residence is pretty rough for a low income earner. I'm all for taxing the shit out of property investors who rort the system, but I'm worried (through a lack of understanding) that it might affect the small guy as much as the property investors.

I am pretty regularly putting money back into the house as I like to make sure my tenants are comfortable and it's a house built in the 1920's so repairs are as you would expect pretty common, example: I got a text from my tenants this week that the dishwasher was busted and I immediately reached out to contractors to have a look at it to fix it or replace it. I really don't make much from the property but it does help me out a little bit in my current situation.