Federal Budget makes most sweeping changes to property landscape in decades
The most telling reforms to housing policy in many years have been unveiled by the Federal Government, with the 2026-27 Budget revealing huge changes to negative gearing and the capital gains tax discount.
First home buyers had their eyes turned to Parliament House on Tuesday night for the eagerly anticipated Federal Budget. (Image source: Taras Vyshnya/Shuttersotck.com)
Treasurer Jim Chalmers on Tuesday night (12 May) revealed to the Australian people its financial and social roadmap for the year ahead.
Among the biggest changes affecting the housing sector was a reduction of the capital gains tax discount from 50 per cent to 30 per cent.
The Government will also limit negative gearing for residential property to new builds, with immediate effect.
At a time when consumer confidence is plumbing 50-year lows an…
