Former Reserve Bank of Australia governor Bernie Fraser has told a Senate committee hearing that he would scrap the capital gains tax discount if he had the choice. His remarks come as housing affordability continues to be a pressing issue across the nation.
Fraser expressed concern that younger Australians are viewing the housing market with "dismay" due to rising prices that make property ownership increasingly unattainable. The former central bank head's comments add to ongoing debate about tax policies and their impact on housing markets.