# Negative Gearing Is Changing: What Happens Next?

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Text version: https://stenobird.com/podcast/the-elephant-in-the-room-property-podcast-inside-australian-real-estate-1140810/negative-gearing-is-changing-what-happens-next.md
Podcast: [The Elephant In The Room Property Podcast | Inside Australian Real Estate](https://stenobird.com/podcast/the-elephant-in-the-room-property-podcast-inside-australian-real-estate-1140810)
Published: 2026-05-17T20:00:00+00:00
Episode link: https://www.theelephantintheroom.com.au/podcasts/437
Audio file: https://episodes.captivate.fm/episode/84907613-36b8-4b72-81ab-30d7a1c5b89f.mp3
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Duration seconds: 3179

## Resource

The end of negative gearing for established property could become one of the biggest turning points in Australia’s housing market—not just because investors may lose tax deductions, but because of the ripple effects it could create across buyer behaviour, borrowing capacity, property values, and the types of housing that get built in the future. But if these changes are designed to improve affordability, who actually benefits—and what could break in the process? In this episode, Veronica and Chris unpack the federal government’s proposed changes to negative gearing and capital gains tax, exploring why the real risks may lie in the unintended consequences. From investor pullback in regional markets and apartment-heavy precincts to the growing pressure on first-home buyers and developers, they examine how markets driven by investor demand could respond if the economics of property investing fundamentally change. They also dive into what they call the “secondary market problem” —the possibility that properties built to attract tax-incentivised investors today could struggle to attract buyers once those incentives no longer apply to future owners. The conversation also explores the broader forces already weighing on the market, including inflation, interest rates, lending conditions, and weak consumer confidence. Rather than reacting emotionally to the policy changes, they challenge listeners to think more strategically about asset quality, long-term demand, and what sustainable investing could look like in a post-negative gearing environment. Episode Highlights 01:57 – The Negative Gearing Changes Explained 04:19 – Why Chris Says “Everything Gets Repriced” 06:37 – Who Wins From the Grandfathering Rules? 10:40 – The Borrowing Capacity Squeeze Ahead 12:21 – Which Regional M…

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