Australia politics live: NSW to lower road toll cap and Queensland to promise infrastructure in today’s state budgets

New South Wales will lower its weekly road toll cap from $60 to $50 for one year, according to a state budget announcement this week. This measure aims to provide relief to toll road users. In parallel, Queensland is expected to outline infrastructure promises within its own state budget today. These fiscal decisions come as the federal government considers potential changes to capital gains tax and negative gearing policies, which could impact the housing market. The government's stated objective is to foster greater alignment between housing price growth and wage growth, thereby improving housing affordability and encouraging more first-time buyers. Despite these efforts, projections indicate that housing prices will continue to appreciate over the long term. In other news, it has been deemed appropriate for Victoria Cross recipient Ben Roberts-Smith to be invited to the official opening of a revamped Australian War Memorial, a sentiment expressed by Richard Marles. The Prime Minister is also scheduled to attend this significant national event.