Gemini said
An analysis by the Australian Council of Social Service (Acoss) found that the Australian government spent $12.3 billion on property investor tax concessions in 2025, significantly exceeding the $9.6 billion spent on social housing and rent assistance combined. This financial imbalance coincides with a record low in social housing availability, which has dropped to just 3.6% of all dwellings compared to over 5% in the 1990s. Housing advocates are now urging the government to phase out negative gearing and capital gains tax discounts to redirect those billions toward building more affordable community homes.
Date: January 29, 2026. Source: theguardian.com