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 liveGet our breaking news email, free app or daily news podcastWatt ‘confident’ tax legislation will pass ParliamentEnvironment minister Murray Watt, says the government is confident that the crossbench will support the government’s contentious budget bill after it passes through the House (likely today on Labor’s timeline).We’re confident, at the end of the day that the crossbench will see that our budget and legislation is about tax cut to every single working Australian.It screams that they’re a bit like not