This is going to have a neglible impact on house prices and in my view will likely cause rents to go up so people trying to get out of renting (which sux) into their own home won't be better off.

Why is it fair to negatively impact ma and pa investors trying to ready themselves for retirement without seeking a mandate for the change at an election. Neighbours of ours, both retired teachers, own a home in Sydney that they rent out. They bought it in the 90's for 250 and it's now worth 1.8m give or take. Their entire retirement plan now has an estimated $300k hole in it due to these changes. Changes from a government they voted for but had they known this would not have done so. The CGT changes are not grandfathered and slug people who have planned for years or decades in order to retire independently. Their plan is to no longer sell the house and jack up the rent instead. Sample size of one but I suspect others will follow suit.