How more than 1 million landlords will escape negative gearing changes

SMH · Shane Wright · Saturday 30 May 2026

How more than 1 million landlords will escape negative gearing changes

Overhauling property taxes was key to Jim Chalmers’ federal budget. But grandfathering and carve-outs will leave millions untouched.

Chalmers announces the great property overhaul, then grandfathers a million landlords out of it — reform with the bite pulled in the dental chair. Hawke and Keating quarantined negative gearing in '85 and folded by '87 when the howling started. Chalmers has skipped the howling and gone straight to the fold.

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