11/06/2026
Negative gearing hasn’t disappeared — only the timing of when some investors can access the benefits has changed.
What many people don’t realise is that for sophisticated investors using trust or company structures, losses have always been carried forward and utilised over time. In many cases, very little has actually changed.
The problem is that fear has spread faster than facts.
Since the budget announcement, many investors have hit pause waiting for certainty, while the best-performing markets have continued to grow at 10%+ per year.
The reality is that we’re not seeing a nationwide property collapse. The declines are largely concentrated in the most unaffordable suburbs where borrowing capacity, holding costs and affordability pressures are having the biggest impact.
Meanwhile, affordable locations with strong owner-occupier demand, limited supply and solid economic fundamentals continue to outperform.
The biggest risk today isn’t the policy changes.
It’s sitting on the sidelines waiting for the “perfect time” while quality assets continue to become more expensive.