Federal Budget helpful for first home buyers, woeful for investors

Last night the Federal Treasurer handed down a budget which had property at its centrepiece and it was good news for some but pretty terrible news for others.

The 2026-27 Federal Budget had housing at its centrepiece with the government framing the announcements as creating intergenerational fairness and increasing home ownership. I find both claims to be potentially overstated.

The big ticket items for the Budget were that negative gearing (NG) will only be available for new builds and the current 50% discoun…