New Build vs Established: What the 2026 Budget Actually Changed for Investors

Two changes, two different trigger dates, two very different outcomes depending on what you buy. Book a review: https://calendly.com/benschafer/revie... Download the guide: https://www.trackfinancial.com.au/new... Negative gearing turns on when the property was bought. Established property purchased after 7:30pm on 12 May 2026 loses the ability to offset rental losses against salary from 1 July 2027. Anything held before that is grandfathered. CGT has no purchase-date grandfathering at all. It turns on when you sell. From 1 July 2027 the gain splits: growth before that date keeps the 50% discount, growth after it moves to indexation with a 30% minimum. A property held fifteen years is affected. New builds keep negative gearing in full, and get a choice of method at sale. But the definition is narrower than most people assume, and "as new" is not the same thing. 0:00 Two changes, two dates 0:11 What I am and am not licensed to say 0:34 Negative gearing: the trigger is when you bought 2:51 CGT: the trigger is when you sell 5:03 Established vs new build vs shares 5:33 Why leverage matters more than the tax treatment 6:28 The new-build definition, and what fails it 7:53 The question underneath all of it Track Financial. Broking since 2006. Over 1,000 loans. $700M+ written. General information only. I'm a mortgage broker, not a registered tax agent or a licensed financial adviser. This has been prepared without regard to your objectives, financial situation or needs and is not tax, financial product or personal credit advice. Whether a specific property meets the new-build definition, and how any of this applies to you, is a question for your accountant. Recorded September 2026. Tax law and lender policy change. ACL 390019: Track Financial Pty Ltd