18/06/2026
The budget didn’t break property investing. It changed the rules for one part of it.
Here’s what I keep clarifying for clients right now:
If you bought an investment property before 12 May 2026 — you’re fully grandfathered. Nothing changes while you hold.
If you buy a new residential property going forward — negative gearing is fully intact. Your choice of CGT method at sale is also preserved.
The change affects investors buying established property after Budget night, from 1 July 2027. Rental losses can no longer be offset against salary income — they carry forward instead, to be applied against future property income or capital gains.
That’s meaningful. But it’s not the end of property investment.
What concerns me more than the tax changes is this: if your investment numbers only worked because of the tax offset, the asset was borderline to begin with.
Strategy first. Tax benefits second. That principle doesn’t change with any budget.
If you want to understand how the new rules sit against your current strategy — start with the GAP Audit Workbook. Link in bio.
