During a Senate committee hearing on capital gains tax, Bernie Fraser stated that if it were up to him, he would scrap the discount entirely. The former RBA governor expressed concern about the impact of the tax policy on housing affordability.
Fraser highlighted that younger Australians are viewing the unaffordable housing market with "dismay," suggesting that the current tax system may be contributing to the problem. His comments come as housing affordability continues to be a pressing issue across the country.