BREAKING: Negative Gearing Scrapped, And CGT Changed In Federal Budget 2026 (Live Reaction)

The Federal Budget 2026 has just landed. Negative gearing on established property is gone, CGT changes are confirmed, and trust taxation is on the table. Reece and Lachlan watched it live, and this is their immediate, unfiltered reaction — what it actually means, who it really affects, and where the smart money goes from here.This isn't doom and gloom. It's a clear-eyed breakdown of a mixed budget, with early thoughts on how sophisticated investors adapt and where opportunity still exists.More detail is coming. A full Q&A episode drops Thursday. But if you want to understand the landscape before the noise takes over, start here.🎯 What's Covered In This Episode✅ What actually changed: negative gearing restricted to new builds, CGT indexation overhauled, trust taxation flagged✅ The grandfathering rules explained — if you've contracted a property before tonight, here's what it means for you✅ Why Lachlan believes negative gearing through company and trust structures may still be accessible — and what to watch in the next 48 hours✅ The borrowing capacity hit: how losing negative gearing could cost younger investors $200K to $700K in serviceability✅ Is this the end of the rentvestor strategy? Lachlan's answer might surprise you✅ Why CGT changes now apply across all asset classes — not just property — and what that means for Gen Z and millennial investors in shares and crypto✅ The flight to quality: why blue chip established property is set to outperform, and which markets are now at risk✅ Why regional and fringe investment areas like Townsville and Gladstone could be hit hardestTimestamps:00:00 Live Reaction: What Just Happened in the 2026 Budget01:30 Who Are the Winners and Losers?02:05 Grandfathering Explained — What It Means If You're Already in the Market03:45 Negative Gearing Restricted to New Builds: The Real Impact07:00 Can You Still Access Negative Gearing Through a Trust or Company?10:20 CGT Changes: Broader Than Expected, Hitting Every Asset Class12:20 The Borrowing Capacity Hit: $200K to $700K Less Serviceability15:00 Flight to Quality — Where Smart Money Moves Now17:30 The New Build Trap: Don't Get Spruiked18:30 What to Expect ThursdayKey Themes:🔸 Budget Reaction🔸 Negative Gearing Restricted🔸 CGT Overhaul🔸 Flight to Quality🔸 Borrowing Capacity Impact🔸 Smart Investor StrategyEach week, Reece Beddall & Lachlan Delahunty break down the biggest conversations shaping Australian property. From market cycles to debt, strategy, data, and real-world insights, we make property simple, honest, and practical.About the Follio Property Podcast Each week, Reece Beddall & Lachlan Delahunty break down the biggest conversations shaping Australian property. From market cycles to debt, strategy, data, and real-world insights, we make property simple, honest, and practical.📍Visit Our Website: https://follio.com.au/📩 Contact Us: [email protected]📲 Follow Us on Social:Instagram: https://www.instagram.com/folliopropertypod/TikTok: https://www.tiktok.com/@folliopropertypod Spotify: https://open.spotify.com/show/4Akt4N53zsb4ldzFNlTwad?si=AFEgYOAiSh2QGbK8AfFLywLachlan Delahunty: https://www.linkedin.com/in/lachlandelahunty/Reece Beddall: https://www.linkedin.com/in/reece-beddall-294557b3/#AustralianPropertyMarket #RealEstateAustralia #FederalBudget2026 #PropertyInvestmentAustralia #FirstHomeBuyerAustralia #AustralianHousingMarket #NegativeGearing #CapitalGainsTaxAustralia #AustralianRealEstate #InterestRatesAustralia #AustralianPropertyInvesting #PropertyMarketAustralia #LaborBudget2026 #HousingAffordabilityAustralia #InvestmentPropertyAustraliaDisclaimer: This is for entertainment purposes - not financial advice. Speak to a qualified professional before making any financial or property decisionsTrack: MoodMode - Upbeat Hip Hop Boom Bap Background MusicMusic provided by MoodMode