00:05It's auction day in Brisbane, and bidders are nervous.
00:12Million dollars.
00:13Million dollars.
00:14One million now.
00:14One million I'll bid now.
00:16Young agent Matt Taylor is doing the hustle to get a deal over the line.
00:21We sell if there's no further bidding.
00:23His clients stretching their budget to win the prize.
00:33The irony is, while Matt sells houses for a living, he can't afford to buy one.
00:39It's almost like we've been chasing our tail for the last three years, you know.
00:42You think you're there, and then you just miss out by that little bit.
00:47It does make it, you know, it is disheartening.
00:49Matt's heard what the treasurer has in store tonight, but the 26-year-old doesn't think
00:54any of the changes will do much to help him.
00:57We always talk to each other going, if we just bit the bullet three years ago,
01:01but back then we thought that was expensive.
01:05It's a similar story in the Oliveira household.
01:09Angela and Terry fled the Sydney rental rat race to the country,
01:14moving to Cooma, tucked away in the snowy mountains.
01:17More space, better for the kids, but also hoping to buy our first property.
01:22Three years on, the nurse and physiotherapist are still renting.
01:26It's been very difficult because everything keeps going up and up and up.
01:30They say in an ideal world, changes to negative gearing will stabilise the market
01:35and bring prices down.
01:37It'd be ideal if I could own our first home here in five years.
01:42That'd be my dream.
01:45Baby boomer Stefan Wagner lives in the Adelaide Hills.
01:49Intergenerational equity plays on his mind.
01:52It shouldn't be a matter of waiting for an inheritance to come through.
01:58His solution was to take out a loan in he and his wife's name
02:02for his son and young family to buy a renovator's delight.
02:06We are not claiming any expenses.
02:08We are also not receiving any rental income.
02:12But from the perspective of the taxation office,
02:15we are seen as an investor.
02:17He makes all the mortgage payments.
02:19He hasn't missed the mortgage payment.
02:21The plan is to one day transfer the mortgage and title to his son
02:25when he can afford to take it over.
02:26But Stefan knows when that day comes,
02:29a heftier capital gains tax bill will now be coming on the other side.
02:34We certainly feel that we are penalised
02:36purely for the purpose of helping our son.
02:39Calling for an exemption for parents
02:41who simply want to help their kids get a foot in the door.
02:45tie one of the abundance of pet with Tape P lands world in St.I.
02:46Anybody else know what does?
02:47There are two countries that are staying at
02:49What can scope a vehicle that wants to distance from St.I.
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