Stephen Knight

They decide to work within the rules, making the rational decision for them, which just means that it's not what they would usually do in the past, right?

Taxes change the incentives.

2028 is when they're expecting to have the next one.

So after this new policy comes in, we'll see if the Liberal Party comes out

and tries to argue against this or say that they'll repeal it.

The other thing with this policy is that I don't think it will mean that people move away from property and decide to invest more in shares or decide to invest more in growing a business because all assets are taxed the same way under this proposal.

This isn't an anti-property policy.

It is more a revenue generating policy for the Australian government.

And over the last 15 minutes, you've learned 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 whether this could spread to New Zealand.

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, Stephen Knight.

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.

I'm your host, Stephen Knight.

And I'm Andrew Nicholl.