21/05/2026
🏠 The Federal Budget just dropped last week — and if you’re in property, here’s what you need to know! There is plenty to unpack for buyers, sellers, and investors alike. Here’s a quick summary:
💸 Tax cuts for workers — every Australian taxpayer will receive a tax cut of up to $268 from 1 July 2026, rising to $536 every year from 1 July 2027.
More money in your pocket = more buying power. 👏
🧾 $1,000 instant tax deduction — workers can lower their taxable income by $1,000 without keeping receipts when lodging their tax return. Simple.
Done.
🏗️ Negative gearing changes — from 1 July 2027, negative gearing for residential property will be limited to new builds. Properties held at 7:30pm on 12 May 2026 are exempt, so existing investors won’t be affected.
📉 Capital gains tax shake-up — the 50% CGT discount will be replaced with cost base indexation and a 30% minimum tax rate from 1 July 2027 — but it won’t impact main residence exemptions.
🔑 First home buyers — the government says these changes will help 75,000 more first home buyers into the market over the next decade.
🚫 Foreign buyer ban extended — the ban on foreign buyers purchasing existing homes has been extended to 30 June 2029.
The property landscape is shifting — and now more than ever, having the right agent in your corner matters. Whether you’re thinking of buying, selling, or just want to understand what this means for YOUR situation, I’m always happy to have a chat.
