Falling home ownership rates among younger Australians feature in the latest sales pitch from a federal government still fighting fires weeks after the budget release.
Levelling the playing field for first-home buyers has been a prominent selling point of Labor's tax reform package, which includes changes to negative gearing and the capital gains tax.
"If you work hard, you should be able to get ahead but that hasn't been the case for many Australians," Treasurer Jim Chalmers said.
"This isn't the fault of older Australians, it's the fault of successive governments that have ignored the challenges in tax and housing for far too long."
Home ownership rates among 25-34-year-olds have fallen faster than for other age groups, sinking seven percentage points in the two decades from 2001 to 2021.
