Former Reserve Bank of Australia governor Bernie Fraser told a Senate committee hearing on capital gains tax that he would scrap the discount if it were up to him. Fraser expressed concern that younger Australians are watching the unaffordable housing market with "dismay."
Fraser's comments come as housing affordability continues to be a major issue in Australia, with many young people struggling to enter the property market. The capital gains tax discount has been a topic of debate, with critics arguing it primarily benefits wealthier Australians and contributes to property price inflation.