Australia Unveils Changes to Negative Gearing, Capital Gains Tax
The overhaul targets investor demand and aims to help 75,000 more Australians buy a first home, Treasury said.
- On Tuesday, May 12, 2026, Treasurer Jim Chalmers presented the 2026-27 federal budget, describing it as the "most important and ambitious" in decades amid global economic pressures.
- Chalmers moved to rebalance an "out of whack" system, citing house prices that rose over 400 per cent since 1999, far outpacing average income growth and locking younger Australians from homeownership.
- The package includes a new $250 Working Australians Tax Offset and a $1000 instant deduction, measures the government says will leave the average worker up to $2816 better off by 2028.
- From July 2027, negative gearing restricts to new builds while capital gains tax reverts to inflation indexing, reforms the government claims will help 75,000 Australians buy first homes over the next decade.
- To fund these measures, the government targets $37.8 billion in NDIS savings and $53 billion in defense spending over 10 years, with the budget forecasting a return to surplus by 2034.
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Chalmers puckers up for fight over investor tax stings
Labor is readying for a bruising fight with property investors and wealthier Australians as it begins making the case for major tax reforms, including a crackdown on property investments. Jim Chalmers’ fifth federal budget as treasurer attempts to rebalance the nation’s tax system, paring back investment property tax concessions and giving all workers an annual $250 sweetener from 2027. The opposition has declared it will not support the package…
The Biggest Winners and Losers From Australia’s Budget
As Australians grapple with higher inflation and other flow-on effects from the war in Iran, the government unveiled its 2026-27 budget, seeking to tackle generational inequality, while shoring up the country’s fuel supplies and defenses. Here’s a breakdown of the winners and losers in Treasurer Jim Chalmers’ fiscal blueprint.
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