Emily Stewart

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389 appearances 5 recordings 2 series first heard Mar 2026 last heard 2 Jul

Emily Stewart’s voice in public audio — every appearance, attributed to the second.

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ABC Business Daily · Tax Week: Investment property low down · 2 Jul 2026 podcast

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That's right.

But I agree.

People get very confused.

But it's essentially when your expenses from owning the property, like the interest you pay on the debt and maintenance costs and those sort of things, if that is larger than the rental income you are receiving, it becomes a loss and you can use that loss to reduce your taxable income.

And so it's been favourable for people to pay less tax overall by using negative gearing.

And then, of course, there's positive gearing where you're actually earning more than you're spending on the rental property.

And then you have to pay a little bit extra tax usually on that.

That's added to your taxable income.

Yes, and you'd make a big profit, hopefully, when you sell the property.

So even if you've had losses all these years, you would make a big profit and then you would get a discount on the tax you pay on that profit.

But of course, that's meant property values have become so expensive and first home buyers in particular have found it very difficult to get in.

So this is one of these measures that the government has brought in.

with the aim to sort of cool the investor side of the market and to help out first home buyers by hopefully the aim is to sort of slow down property growth.

And they thought it would be around 2%.

Some of the bank economists thinks it will be more around 5%, but get more first home buyers into the market.

Yes, so there is some grandfathering involved with these changes to negative gearing.

So if you owned a property before budget night this year when these changes were announced, you will be able to keep negatively gearing those properties going forward.

So you will be able to claim those losses against your income and reduce your taxable income.

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