Episode Details

Australias government unveils significant tax changes targeting property investors, effective tonight. Negative gearing is limited to new builds, while capital gains tax discounts end in 2027, replacing them with a minimum tax on profits above inflation. Family trusts face a 30% minimum tax from 2028. These modifications aim to favor workers over investors, with existing properties retaining old rules and investors still able to deduct rental losses. The government anticipates 75,000 investor homes transitioning to owner-occupiers over a decade, potentially cooling house prices and rents. Despite breaking an election promise, Treasurer Jim Chalmers argues the changes are necessary to address a skewed system locking young people out of housing. The government also plans to invest $2 billion in infrastructure for 65,000 new homes and extend the foreign buyer ban. Overall, the shake-up aims to boost homeownership while the housing crunch unfolds.

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