Tech sell-off escalates; CGT cut to help first home buyers; $92b high-speed rail link

Investors ramp up their selling of tech stocks as the implications of AI filter through the market. 

Wednesday 25 February 2026

• Federal Treasury says scaling back the capital gains tax concession for property investors will help first-home buyers
• The federal government releases the business case for a $92 billion high speed rail link between Sydney and Newcastle
• The owner of Westfield shopping centres wants to build 16,000 apartments at six of its malls
• Donald Trump's tariffs kick in, at ten per cent, not 15 per cent

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