Australia politics live: Garth Hamilton storms out of question time after outburst; Chalmers says opposition having ‘meltdown’ not marketing problem

Australia's housing market is cooling, with Sydney and Melbourne home prices potentially falling over one hundred thousand dollars. The government has defended recent changes to capital gains tax treatment, saying they represent fairer policy than previous distortions. Finance Minister Chalmers argued that economic policy needs to evolve to reflect modern realities, not repeat mistakes made decades ago. According to The Guardian, the opposition is meanwhile struggling to gain voter traction.

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