13/05/2026
Last night's federal budget dropped. Here's what it means for you.
🏠 Investors
Negative gearing will no longer apply to properties purchased from today, effective July 2027 (new builds exempt). Existing owners aren't affected. CGT discount will be replaced by an inflation-adjusted model with a 30% tax floor from July 2027.
🔑 Homebuyers
Removing negative gearing can level the playing field at auction. $2B in infrastructure to unlock 65,000 new homes. Foreign buyer ban on existing home extended to 2029.
👨👩👧 Households
Claim up to $1,000 in work expenses without having to claim individual items from FY26/27.
A new tax offset saves workers ~$250/year from FY27/28.
💼 Small Business
$20,000 instant asset write off becomes permanent.
Loss carry back lets eligible businesses offset recent losses against past profits for potential refunds.
🚗 Drivers
EVs under $75k keep their FBT exemption.
The fuel excise discount ends July, so expect prices at the pump to climb again.
Whether you are an investor, aspiring home buyer or a homeowner, reach out to discuss any changes this could make to your situation. We can review your loan or strategy to help you navigate the current environment.
