The agreement limits negative gearing to new builds from July 2027 and replaces the 50% CGT discount with inflation indexation and a 30% minimum rate, while closing a borrowing loophole for self-managed super funds used by 1.2 million Australians.
In return, Labor delays an NDIS inquiry.
Treasurer Jim Chalmers called it a step toward tax cuts for 13 million workers and a fairer system for first homebuyers, but opponents like the Liberals and One Nation labeled it a broken promise and renewed calls for Albanese’s resignation, fuelled by clips of his 2025 election vows and recent UK PM Starmer’s exit.
