Lisa Loke Real Estate

Negative gearing on established properties is changing. But before you panic, here's exactly who it affects.

If you already own an investment property, nothing changes. You're grandfathered. Current rules apply.

If you bought or were already under contract before budget night, 12 May 2026, you're also protected.

But if you're buying an established property after that date, from July 2027 you won't be able to offset rental losses against your salary. Those losses get quarantined against future property income only.

New builds? Still fully negative gearable. That's deliberate — the government wants to push investors toward new supply.

So what should investors do now? Get clear on your strategy. Because the rules for established property and new builds are now genuinely different.

I'm Lisa — former accountant, now property strategist. If you want to talk through what this means for you, reach out.

General information only. Speak to your accountant for advice specific to your situation.