Australia’s property investors are facing the biggest taxation overhaul in decades following the Federal Government’s dramatic Federal Budget reforms targeting negative gearing, capital gains tax and discretionary trusts.

While Treasurer Jim Chalmers has framed the changes as part of a broader push toward “intergenerational equity” and housing affordability, the reforms are already triggering widespread reassessment across the investment and property sectors.

Among the most significant changes is the decision to restrict negative gearing on residential property to newly constructed homes only from 1 July 2027, alongside reducing the capital gains tax discount from 50 per cent to 30 per cent.

The…