Australia News

Commonwealth Bank Economists Say Negative Gearing Could Be ‘Scrapped’ in Federal Budget

Economists Luke Yeaman and Harry Ottley warned ’major changes to CGT and negative gearing appear locked in.’
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Commonwealth Bank Economists Say Negative Gearing Could Be ‘Scrapped’ in Federal Budget
Two men roof a house in Western Australia on April 7, 2026. Susan Mortimer/The Epoch Times
Monica O’Shea
|Updated:
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Economists from Australia’s largest bank say major changes to negative gearing and capital gains tax (CGT) are on the way in the May 12 Federal budget.

Chief Economist Luke Yeaman and Economist Harry Ottley of Commonwealth Bank warned Treasurer Jim Chalmers is preparing to fully scrap negative gearing for property investments.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]