Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

The Albanese government is preparing to unveil a budget that will recast housing as shelter – rather than a financial tool – in changes that have already sparked heated warnings that rents will rocket and housing supply will be curtailed. Those warnings are best ignored. It is now clear that Labor will usher in changes to negative gearing and capital gains tax designed to make property less attractive to new investors. …