Anthony Albanese

Building Australia’s future. 🇦🇺 Prime Minister of Australia. Grayndler MP. Authorised by Anthony Albanese, ALP, Canberra.

[Anthony Albanese @AlboMP]

The changes the Howard Government made in 1999 to Capital Gains Tax were supposed to boost investment in the share market.

Instead, they turbo-charged property as an investment vehicle.

And that fundamentally altered the equation for first home buyers – and for young Australians.

Since 1999, house prices have risen by over 400%. More than twice as fast as average incomes.

And in the same period, home ownership rates for Australians aged between 25 and 34 fell by 7% points.

It is no wonder that more and more young people – and indeed their parents and grandparents - have been worrying they will never own a home.

That feeling of having the deck stacked against you is only magnified when young Australians turn up to an auction and get outbid by property investors being given a leg up from the tax system.

Our reforms to negative gearing and capital gains tax remove these distortions.

Bringing more first home buyers back into the market.

[Anthony Albanese @AlboMP]

We're fixing the tax system to make it easier for first home buyers.

[Anthony Albanese @AlboMP]

We’re delivering real change.

[Anthony Albanese @AlboMP]

PASSED THE HOUSE: tax cuts for every worker and a fair go for first home buyers.

[Anthony Albanese @AlboMP]

Australia is proud to be part of the Pacific family.

Working with our neighbours, we're stronger and more secure.

Thank you Prime Minister Wale of Solomon Islands for a productive visit to Canberra.

[Anthony Albanese @AlboMP]

Every Australian aspires to own their own home.

We're delivering real change and helping make that a reality.

[Anthony Albanese @AlboMP]

Right now, it's too tough to buy your first home.

We’re fixing that by changing negative gearing and capital gains tax breaks to give first home buyers a fair go.

[Anthony Albanese @AlboMP]

Australia and the Pacific are stronger when we work together.

Today I met with Prime Minister Wale of Solomon Islands and we agreed to start negotiations on a new comprehensive treaty between our nations.

When there are challenges in our region and around the world, we'll tackle them together.

Because a more secure Pacific means a more secure Australia. And that's what this treaty will deliver. 🇦🇺🇸🇧

[Anthony Albanese @AlboMP]

Australian journalism matters.

For 195 years the Sydney Morning Herald has helped share Australian stories - keeping Australians informed and entertained, while holding power to account.

Tonight we celebrated that legacy, its independence and the years to come.

[Anthony Albanese @AlboMP]

We'll always stand for working Australians.

[Anthony Albanese @AlboMP]

We’re working to keep costs down and fuel flowing.

Today I met with the CEOs of Australia's major fuel companies.

We're helping industry buy more fuel now, and working with our international partners to keep more coming into the country.

And we've cut fuel taxes to save you money when you fill up.

Things are still uncertain around the world, but we're doing everything we can to shield Australians from the worst of it.

[Anthony Albanese @AlboMP]

BREAKING: Around 3 million workers are getting a 4.75% pay rise from next month.

[Anthony Albanese @AlboMP]

We're extending paid parental leave to a full six months starting this July.

Because Labor will always back working families.

[Anthony Albanese @AlboMP]

Big news for new families.

[Anthony Albanese @AlboMP]

We’re making sure you can get free healthcare with just your Medicare card. Permanently.

[Anthony Albanese @AlboMP]

For too long, things have been stacked against first home buyers. We're changing that.

[Anthony Albanese @AlboMP]

Here’s what you need to know.

[Anthony Albanese @AlboMP]

Transport workers keep Australia moving.

And tonight was about recognising the delegates, organisers and workers who fight every day for fair pay, safer workplaces and a better deal for working people.

Over the last four years, we’ve been proud to stand with the TWU to strengthen workers’ rights, lift wages and deliver reforms that make a real difference.

[Anthony Albanese @AlboMP]

We're helping working Australians get ahead.

[Anthony Albanese @AlboMP]

Changing unfair tax breaks. 5% deposits on your first house. 100k new homes put aside for first home buyers.

We're doing everything we can to give you a fair crack at your first home.