‘Deeply wrong’: Labor MPs celebrate falling house prices and declare market is fixed

News24 host Jaimee Rogers discusses the federal budget’s harmful impact on the housing market and reacts to Labor MPs who are celebrating the sharp housing price fall. “There is something deeply wrong with the way this government is talking about Australia's housing market,” Ms Rogers said. “Because while Labor MPs are out there celebrating falling house prices. Australians who own those homes are watching their wealth disappear. “Young owners are being pushed into negative equity. Mortgage applications are collapsing. And a record number of homeowners are now at risk of defaulting on their loans. “That is not a housing success story. It’s alarming … Bennelong MP Jerome Laxale declared the government's changes to negative gearing and capital gains tax had ‘fixed’ the market.”