26 27 budget rent negative gearing capital gains tax

Australia-specific regulatory change affecting residential property investment. Channel: regulatory (tax policy) impacting investor demand for existing vs new housing. Negative gearing restriction reduces attractiveness of existing properties for investors, potentially lowering demand and price growth for established homes. CGT increase reduces after-tax returns for property investors. Rental supply may tighten as new investor entry slows, pushing rents slightly higher. Winners: first-home buyers (lower prices), new home builders (incentive for new builds). Losers: existing property investors, real estate agents, property developers focused on existing stock. Impact is country-specific (Australia).