Australia's property tax reforms explained

The Australian federal government's 2026 budget introduces major property reforms including the abolition of negative gearing for existing properties and changes to capital gains tax. Negative gearing, which previously allowed investors to offset rental losses against their taxable income, will only apply to new property builds, potentially leading to rental price increases of up to 20%. The capital gains tax changes mean investors will face higher taxation on property and business sales, with inflation and tax rates significantly reducing net returns on investment gains.See omnystudio.com/listener for privacy information.