Friday, 15 May 2026

New data confirms CGT change kneecaps first home deposit investors hardest

“New data from the Financial Services Council confirms that Labor’s new family savings tax on capital gains will kneecap young Australians who invest their house deposit hardest”, said Shadow Treasurer, Tim Wilson.

Mr Wilson’s comments follow the release of new FSC data that exposed the Albanese government’s narrative about intergenerational fairness is a ruse, and young aggressive investors trying to get ahead will be hit hardest.

“FSC data shows that aggressive investors will be kneecapped by Labor’s new family savings tax which will disproportionately hit young investors around age 35 who are desperately saving and investing to their first home deposit”, Mr Wilson said.

“Young Australians around 35 could have 40 per cent of the growth of their deposit taxed by Anthony Albanese”.

“The Albanese government doesn’t understand that with first home ownership being pushed out, that young Australians are investing more than ever to build their deposit”.

“Anthony Albanese and Jim Chalmers’ solution to the first home deposit gap is to tax the deposits and push aspirational first home buyers further behind”.

“A 2024 HSBC study found found Gen Z and Millenials were investing more than 3 times the share of their income than Baby Boomers, and that’s why Gen Z and Millennials are actually the ones on the government’s CGT hit list”.

“The Albanese government has lost control of inflation and control of the economy, and as real wages are destroyed by their active inflation agenda they’re now coming to kneecap young Australians' first home deposits too”, Mr Wilson said.

[ENDS]