MacroBusiness

The federal budget’s changes to negative gearing and capital gains tax (CGT) were designed to reduce investor demand for established housing, thereby lowering prices, without negatively impacting housing supply. From 1 July 2027, investors will only be permitted to fully negatively gear newly built dwellings. From 1 July 2027, the 50% CGT discount is abolished

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Victorians have experienced severe Stockholm Syndrome with respect to the state Labor government. Victoria’s nine-month lockdown during the Covid-19 pandemic was among the longest and most severe in the world, driven in part by the state government’s incompetence in handling hotel quarantine. Victoria’s infrastructure projects have experienced massive cost overruns, and the g...

China is the largest importer of Middle East oil. Yet, some say it is so far, the least affected by the Iran War. Is this meme true, and how did it achieve this? It is certainly true that China absorbed the greatest oil shock on the planet. And China has encouraged the switch by allowing

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The past week has seen two major banks pivot on interest rates. They now expect the Reserve Bank of Australia (RBA) to keep the official cash rate on hold until mid-next year, before delivering cuts. CBA was the first to change its view, last week forecasting that the RBA will remain on hold at 3.35%

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The Australian Federal Budget has ignited a fierce debate around tax reform, with the spotlight firmly fixed on changes to negative gearing and the capital gains tax. For property, the changes are expected to put downward pressure on prices. But for broader investment portfolios, the proposed CGT changes are opening a complex can of worms.

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