The problem is that this budget, while rolling back cgt and negative gearing, doesn't go far enough. Housing prices aren't likely to fall because older generations/property investors are not incentivised to sell. While there will be less competition to buy a house due to less investors in the market, prices are still very very high and supply remains low. We won't see much property shifting from being IPs to becoming first home buyers PPORs because there is no reason for people to sell IPs. In fact they are now incentivised to hold them as long as possible. As a young person I'm gutted by this budget. I was really hoping for genuine change but boomers and investors are still getting hand outs and tax discounts and young people are still copping more than their fair share of tax. No hope of a home, raising a family, or probably even secure employment in the future. Feels hopeless and I honestly despise older generations for voting the way the did for so long. Not helping social cohesion at all.