Australia politics live: Chalmers says opposition having ‘meltdown’ not marketing problem as Coalition targets Labor on housing

Australia's government is defending its capital gains tax overhaul as house prices soften, with Sydney and Melbourne potentially seeing drops exceeding one hundred thousand dollars. Treasurer Chalmers frames the reform as preventing a repeat of what he sees as a disastrous nineteen ninety-nine policy that skewed the housing market. The opposition is hammering Labor's economic record on housing. But according to The Guardian, Labor faces a subtler problem: voters may agree with the policy's fairness, but the government is failing to convince them it deserves their vote—a messaging gap that's proving costly.

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