Aussie House Prices Soar, Despite Global Uncertainty

0:00It's March 11, here's your sitting news in two minutes. Australian House prices keep climbing despite global uncertainty, fueled by government policies that boost demand. Things like the capital gains tax discount and negative gearing make investing more attractive than buying your first home. Recent data shows dwelling prices jump 2.7% nationwide in the last three months of 2025, outpacing income growth in, most states. Northern Australia saw the biggest surge at 7.5%, pushing average prices over 1 million dollars there, along with New South Wales. And Queensland. First home buyer schemes, including the 5% deposit guarantee, have driven even sharper rises in apartments and townhouses, adding tens of thousands to costs in cities like Perth in Brisbane. This trend has crushed affordability for years, with prices growing faster than wages since the turn of the century. Everyday buyers struggle, while investors benefit from tax breaks that favor property

1:00flips over hard work. A stark example highlights the unfairness. A minimum wage earner pays 30% tax on overtime, but a high earning executive pays just. 22.5% on a $400,000 property profit, thanks to the 50% discount. Past labor proposals aim to cut that discount, but real change is needed now. Commerce swirl ahead of the budget about tackling these issues, louder than ever before. Treasurer Jim Chalmers seems ready for reform, but Prime Minister Anthony Albinese appears hesitant to shake things up. Fixing this could finally make home ownership the real Australian dream again. The Daily News Now is powered by our sponsor. A pillow that plays your sound quietly, comfortably, effortlessly. Built for nighttime listening, S-O-L-I, solelypillow.com