Stephen Knight

Right, let's wrap it up there, but please don't forget to rate, review, and subscribe to the podcast.

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Thanks for listening to the Property Academy podcast.

I'm your host, Steve McKnight.

And I'm Andrew Nicholl.

We're going to be back here tomorrow with even more daily strategies, tactics and insights to help you get the most out of the New Zealand property market.

Until next time.

Hello and welcome along to the Property Academy podcast by Obus Partners.

I'm your host, Stephen Knight.

And this is the show that helps Kiwis go from zero to five investment properties so you can be financially free and stick around for the next 15 minutes because you're going to learn how Australia just doubled its capital gains tax and what it means for Kiwi investors, the fishhooks that mean you could pay this extra tax even if you're a Kiwi, and could this spread to New Zealand?

Now, Australia has just made the biggest changes to property investor taxes in third

years.

But what's really changed?

Well, the Australians are getting rid of both negative gearing and increasing their capital gains tax.

Now, even if you've never bought an investment property in Australia, these changes still matter.

Now, let's talk about what's changing, Andrew.

Start with the capital gains tax, because the Australians had quite

quite a unique way of taxing your capital gains.

So basically, if your tax rate on your income was lower than that, let's say it was 20%, well, you'd still pay a minimum of 30%.

So even if you're a low income earner, you could pay an outsized amount of your income on this capital gains tax.