Julie Bullen

speaker

295 appearances 1 recordings 1 series first heard May 2026 last heard 25 May

Julie Bullen’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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Equity Mates Investing Podcast · After the Budget: What Investors Should Do Next with Julie Bullen | Ask An Adviser · 25 May 2026 podcast

So for anyone who doesn't know what negative gearing is, it's where the cost that you're paying for the property is more than what you're getting in rental income.

So the way it is currently, the extra that you're paying, you'd be able to claim as a tax deduction against other income, so commonly wages income.

Okay.

Fast forward post-budget, if everything goes through, you're not going to be able to claim those losses against your wages income.

But they're not lost.

They're going to be carried forward from year to year.

And ultimately, the idea of owning any asset is that at some point it makes you money.

So if you hold it for two or three years, rent prices increase, you pay down your debt a little bit, it's going to go from a negatively geared property to a positively geared property.

you're not going to pay tax on that income that you're earning that's positive because it's going to be offset by the losses that have carried forward.

Now, let's say that you don't own it for long enough.

You decide to sell it after five years and it had never got to fully positively geared.

then when you sell the property, any losses that you had is going to offset the gain when you sell it anyway.

So you're not losing anything.

Nothing has changed in that sense.

It has just been diverted to a later time period.

So the main adjustment people need to make is that you need to be able to fund it from a cashflow perspective in the short term.

Yeah, look, I mean, if I was to put a really personal touch on this, my partner and I are in the process right now, equity hit our account on Wednesday.

So we are in the process of trying to buy our first investment property.

None of this has changed our reason for wanting to buy property though.

It has pivoted the plan because the negative gearing has reduced headings

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