Story perspectives

Budget Slashes CGT Discount, Limits Negative-Gear, Prices Up 10%

6/11/2026

Summary

Story summary

The May 2026 Australian budget removed the 50 % capital gains tax discount and limited negative-gearing deductions to new-build homes.
Early-2026 the average dwelling price was $1.11 million, or 17 years 4 months of household disposable income, while March-quarter prices rose 2.1 % versus a 0.8 % income increase.
National house prices rose 10.3 % annually, Western Australia up 25 %, a 10 % price fall still leaving values at 15 years 7 months of disposable income, far above the 1999 level of 9 years 4 months.

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Story summary

The May 2026 Australian budget removed the 50 % capital gains tax discount and limited negative-gearing deductions to new-build homes.
Early-2026 the average dwelling price was $1.11 million, or 17 years 4 months of household disposable income, while March-quarter prices rose 2.1 % versus a 0.8 % income increase.
National house prices rose 10.3 % annually, Western Australia up 25 %, a 10 % price fall still leaving values at 15 years 7 months of disposable income, far above the 1999 level of 9 years 4 months.