Australia politics live: bank expects home price reduction from budget to be more than twice government forecast

Commonwealth Bank economists expect 5% drag on home prices from tax changes, compared with Treasury forecast of 2%. Follow today’s news live Get our breaking news email, free app or daily news podcast Good morning, Krishani Dhanji here with you for the final day of the sitting fortnight, thanks to Martin Farrer for getting us…

Commonwealth Bank economists expect 5% drag on home prices from tax changes, compared with Treasury forecast of 2%. Follow today’s news live

Good morning, Krishani Dhanji here with you for the final day of the sitting fortnight, thanks to Martin Farrer for getting us started.

The government expects its contentious budget legislation to pass through the House today – it’s not a terrible assumption seeing they have a huge majority but we can expect lots of amendments and divisions from the opposition and crossbench that will drag the vote out.

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