Cutting the "green" hydrogen funding is sensible in my opinion. Put that into batteries instead.
this post was submitted on 12 May 2026
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Edit: now seeing different info re my assessment below. Seems to depend on which channel I'm watching.
If I understand correctly, the housing CGT and negative gearing kicks in July 2027. (edit: one or both may be from today, getting inconsistent info)
(Edit: if not) That is gonna set the housing market on fire for the next year, to get into grandfathered properties before the changes take effect.
Anyone thinking of buying in the next year, think again, or drastically lower your expectations.
And with the additional tax on Super > $3M, they will be yanking it out of super and throwing it into investment properties to get the last of the CGT and negative gearing deductions.
It's not clear to me from the ABC article that it will be grandfathered in for any purchases pre July 2027.
Yeah, not sure now either re CGT or -ve gearing.
Initial info only mentioned July 27, but subsequent articles say 'from date of budget'.
We'll see.
Surprised and very pleased at the CGT and negative gearing changes. Seems labor finally remembered they have a spine.
Are you donating more then the annual wage of someone working at minimum wage to the parties? You are in the winner class. If not, you are in the losers class.