Treasury insists its housing tax forecast won’t spike rents, with Mark Butler backing existing negative gearing rules and arguing new builds will boost supply without cost hikes. Housing Minister Clare O’Neil counters claims of rent spikes, citing Treasury data showing only a $2 weekly increase—and clarifying NAB’s 30% figure was misreported. Meanwhile, Senator Michaelia Cash accuses the government of gaslighting renters, warning investors will pass on costs and pointing to rising rents as proof policies are already backfiring. On a separate front, new superannuation reforms target social media-driven risky investments, aiming to shield retirees with stricter consent rules and harsher penalties for predatory schemes.
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