Labor budget reshapes property investment with negative gearing and capital gains changes

Labor's budget Tuesday introduces major changes to negative gearing and capital gains tax taking effect July 1, 2027, reshaping investment strategy. Existing properties retain 50 percent CGT discounts until that date; new losses offset only against residential property income. Experts expect investors to shift toward dividend-paying shares, commercial property, and self-managed super funds as residential property investment becomes less attractive.

Summary by Glance · SMH