Steve Price: Australia Correspondent on the federal budget, the tax break for workers, capital gains tax

Migration and housing supply are emerging as key issues, following the Australian Government's latest Budget.  The Labor Government is raising taxes on investment properties and some trust funds to pay for a $250 tax break for working Australians.  Its expected 35 thousand fewer homes will be built, despite net migration remained at 300 thousand people per year.  Australia Correspondent Steve Price told Mike Hosking a federal surplus isn't expected until 2036 and gross debt will likely hit $1 trillion this year.  LISTEN ABOVE See omnystudio.com/listener for privacy information.