Federal Labor's recent policy changes have led to a noticeable decline in loan applications, according to new data. The shift in capital gains tax concessions and the restrictions on negative gearing have reportedly affected the housing market. The impact is being felt across the country, with financial institutions reporting a decrease in the number of applications. This change comes as part of the government's broader economic strategy to address housing affordability and investment practices. The policy adjustments have sparked discussions among economists and industry experts, who are analyzing the long-term implications for the market. (illawarramercury.com.au)
