Implications of big changes

要点

• Changes to negative gearing and capital gains tax will reshape property investment, with the biggest effects felt beyond landlords. From 1 July 2027, negative gearing for residential property will apply only to eligible new builds.
• Investors buying established properties after the 2026 Budget announcement will not be able to offset losses against other income, though existing investments are protected.
• Writers argue the reforms could channel more capital into new housing, which would benefit local businesses in western Sydney, but only if planning and infrastructure keep pace.