Negative gearing just changed.
Nobody asked Australians first.
In the 2026 Federal Budget, Treasurer Jim Chalmers restricted negative gearing to new builds only โ effective July 2027 โ and cut the capital gains tax discount. Around 1.1 million Australians hold negatively geared properties. Millions more are renters or aspiring first home buyers who've been locked out of the market.
Both sides are furious. No referendum was held. Here's your say.
Your $2.99 AUD/mo subscription is your position. It's counted live and stays active as long as you're subscribed. Cancel and it comes off the board.
Negative gearing turned housing into a tax dodge. This reform is overdue.
Take this position โ $2.99 AUD/mocancel anytime ยท removes your position
Restricting negative gearing will kill supply and push rents higher.
Take this position โ $2.99 AUD/mocancel anytime ยท removes your position
What changed
Negative gearing lets property investors deduct rental losses against their income tax. The 50% capital gains tax discount lets them halve the tax on profits when they sell. Both have been in place for decades.
From July 2027, negative gearing will only apply to newly built properties. Existing investors are grandfathered โ but anyone buying established housing after the May 2026 budget cannot negatively gear it against ordinary income. The CGT discount is also being wound back.
The government says it will help 75,000 more Australians into home ownership over the next decade. The Coalition says it will shrink rental supply and raise rents. Chalmers himself called it "contentious."
Why Labor changed course
In 2019, Bill Shorten lost an election partly over a similar negative gearing proposal. In 2025, Anthony Albanese explicitly said Labor had "no plans" to change negative gearing. Last night, they changed it. Both sides of the debate โ investors who feel betrayed and renters who wanted more โ feel like they weren't heard.
This is where you register where you actually stand.
Why a subscription โ not a free poll
Free polls are meaningless. Anyone can spam them. Bots skew them. Media ignores them. There's no signal in a click that costs nothing.
When you pay $2.99 AUD, you're saying you actually stand behind your position. That's what makes this tally worth something. And when you cancel, your position comes off the board automatically โ so the count always reflects where people currently stand, not whoever clicked a button two years ago and moved on.
This isn't a petition. It's a live register of committed positions. The difference matters.
๐ฑ Where the money goes
This platform is independently run and funded entirely by subscriptions. There are no ads, no party donors, no corporate backing.
A portion of every subscription goes toward climate action โ because Australia's future is about more than tax policy.
The rest keeps the platform running and independent. No surplus goes to any political party or lobby group.