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Greens willing to give ground on Labor housing impasse

Tom McIlroy
Tom McIlroyCanberra Bureau Chief

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The Greens are prepared to negotiate with Labor over its shared equity housing scheme, signalling a softening of demands to tear up tax concessions for property investors in exchange for support in parliament.

After holding Labor to ransom for much of last year over the $10 billion Housing Australia Future Fund, the Greens this month demanded negative gearing and capital gains tax changes in return for their support for the new scheme. Under the scheme, the government would take equity of up to 40 per cent in a home to lower deposit and loan servicing costs.

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Tom McIlroy is the Financial Review’s Canberra Bureau Chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com

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    Original URL: https://www.afr.com/politics/federal/greens-willing-to-give-ground-on-labor-housing-impasse-20240226-p5f7xp