Federal budget 2026: Ross Gittins and Millie Muroi answer capital gains tax, negative gearing, housing questions
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Jim Chalmers’ fifth budget broke election promises, but the government says it simply had to rebalance Australia’s wealth.
Changes to tax settings, including negative gearing and the Capital Gains Tax, will make home ownership more achievable to younger generations but less enticing to investors – while millions of workers will receive additional tax offsets.
We know there was an incredible amount of detail to digest in this year’s budget papers. To help make sense of it all, economics editor Ross Gittins and economics writer Millie Muroi sat down to tackle the burning questions sent in by our readers.
Get across all our coverage
- Winners and losers: This is who benefits from the budget, and who misses out
- Tax changes: Negative gearing, CGT, family trusts and how this will affect the property market
- Generational divide: Baby Boomers, Gen X, Millennials and Gen Z, this is what the budget means for you
- What you said: Everyday Australians tell us what they think of the budget
- Test your knowledge on our federal budget quiz:
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Millie Muroiis the economics writer at The Sydney Morning Herald and The Age. She was formerly an economics correspondent based in Canberra’s Press Gallery and the banking writer based in Sydney.Connect viaXoremail.
