Canna Campbell

So it's a significant change in the landscape and also the terms and conditions of the game.

And that's really important because I think a lot of headlines obviously are confusing people.

So I've even had people reach out to me and say, oh, do I need to sell my negatively geared property right now because of these rules?

I'm like, well, hang on, obviously not advice, but you can still keep going with what you've got in place prior to budget night.

So people do need to understand how these rules impact them.

And some people it doesn't impact them at all.

Yep.

New build.

So, you know, a new apartment, a new townhouse, you know, a new house.

So it's a really interesting time because you think, well,

When I look at something that's brand new, it's often really, really expensive.

And this is what worries me, is that perhaps people are going to be overpaying just to be able to access that negative gearing benefit, which is the worst reason to make an investment decision purely based on the tax.

But it is a bit of a red herring in this.

The opportunity for long-term capital growth and how it's going to work towards your goals.

That's really what's most important here.

Typically, it's the rent.

So, if you have an investment property that's a residential investment property, they're paying rent.

If you, say, have land for adjustment, which means you put cattle on it and a farmer might pay to rent that land, that's obviously an income stream.

It might be a commercial property.

It might be an industrial property.