Government Passes Pensioner Concessions to Free up Housing

A couple walks past a real estate agent's window advertising houses for sale and auction in Melbourne, Australia, on May 1, 2019. William West/AFP via Getty Images

Pensioners are being given further concessions to encourage them to downsize and free up housing stock for younger families looking to buy.

The new federal laws reduce the impact selling a house has on the payments pensioners, and other welfare recipients receive.