Housing minister Clare O'Neil defends Labor’s budget bombshell - will it be a broken promise or a bold fix?

Australia’s housing crisis has hit breaking point — but the Albanese Government's recent bombshell at this week's Federal Budget hopes to fix it. Sitting down with 7NEWS' The Issue, Housing Minister Clare O’Neil defends Labor’s dramatic housing overhaul, including changes to negative gearing, capital gains tax, foreign buyers, and first-home buyer support. But there’s one issue the federal government must also confront - repeated election promises that changes to the housing market were “off the table.” So why the backflip? Will it actually make housing cheaper? And is this the political gamble that defines Labor’s future?See omnystudio.com/listener for privacy information.