Future of Australian real estate - Negative gearing and Capital gains tax changes - Part 1

Cheryl and I discussed the future of the Australian real estate market, focusing on proposed changes to negative gearing and capital gains tax. The government is considering restricting negative gearing benefits to new properties only, which could lead to a rush among investors to purchase established properties before the changes take effect. This shift aims to reduce tax revenue loss, particularly given the current budget deficit. We also covered the potential reduction of the capital gains tax discount from 50% to 25%, significantly impacting investors’ returns. Additionally, we explored how existing building shortages are driving demand for established properties, leading to rising rents and escalating prices. With potential interest rate cuts on the horizon, many investors may feel encouraged to act. We emphasized the importance of decision-making and consulting with property accountants to navigate these changes effectively. If you have questions or need support, don’t hesitate to reach out. Episode Highlights 00:00 Welcome to Help Me Buy Property Podcast 03:02 Understanding Negative Gearing 06:02 Proposed Changes to Negative Gearing 10:15 Capital Gains Tax Changes 12:17 Impacts of Proposed Changes 21:23 Preparing for Market Changes Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now!  https://www.amazon.com.au/dp/B0CRF48GGR Resources:  Visit the Investor Partner Group website: https://helpmebuy.com.au/ Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau You can also connect with us on https://www.linkedin.com/company/77080688. Keep smiling, be kind, and continue investing. Peace out! Hosted on Acast. See acast.com/privacy for more information.