Labor’s nightmare 2026 Budget continues to grab all the wrong headlines for the Albanese Government. The PM even appears to have pulled his communist Treasurer Jim Chalmers away from the microphones and cameras because he’s doing such a bad job defending the Budget.
Here are some pertinent facts in the debate about capital gains tax discounts and negative gearing.
There are about two million property investors in Australia and 75% of them own only one investment property. Another 19% own only two. That represents about 2.3 million homes for renters. Between 2006 and 2024, state governments have cut public housing stock from 341,000 to 298,000. This demonstrates that it’s the private sector – mostly made up of mum-and-dad investors with one rental property – which provides the overwhelming majority of rental accommodation in Australia.
After reducing public housing, state governments also made things worse by scapegoating private investors for the housing crisis and making property a much less attractive investment with more restrictive tenancy laws. Investors have been pulling out of the market as a result – especially in Victoria – and making rentals even more scarce.
Albanese’s changes to negative gearing – a measure which allows investors to offset investment losses – only further reduces the incentive to buy a rental property. He and his many ministers who own investment properties won’t be affected, but anyone looking to invest in a nest egg property independent of the government won’t be able to use this measure. Labor is pulling up the ladder behind them and leaving young Australians looking up.
One Nation drew the line this week: our policy is to continue to allow investors to negatively-gear up to two investment properties. We support Australians who work hard and invest in their future. Labor is trying to punish them to sustain its unsustainable spending. Enough is enough. You don’t fix a national housing crisis by reducing the ability of investors to provide rental accommodation. You fix it by slashing immigration to reduce housing demand and banning foreign ownership to increase housing supply.