19/05/2026
🏠 Negative gearing just changed — here’s where YOU stand.
✅ Bought before 7:30pm on 12 May 2026?
You’re protected. Nothing changes — even if you’re still waiting on settlement.
🚫 Buying established property after that date?
Your losses are quarantined. You can no longer offset them against your salary — only against future rental income or property gains.
🏗️ The exception — new builds.
Full negative gearing still applies. Buy new, and you can still offset your losses against your wages like before. Build-to-rent and some government housing programs are also exempt.
💡 The bottom line?
If you’re eyeing an established property — model the deal without the tax benefit. If the numbers don’t work without it, a new build might be the smarter play right now.
📅 Kicks in 1 July 2027 · Not yet law · Always talk to your accountant first.