Negative gearing is gone, retrospective to 7:30pm on budget night. SMSF property leverage has been banned with just 45 days notice. Capital gains tax is moving to an indexation model that will hit crypto, ETFs, and managed funds too.

In this episode, wealth manager Dan Kelly (Viola Private Wealth) and mortgage broker Tom Morrison (Amara Mortgage Brokers) sit down to unpack the real, on the ground impact of Australia's federal budget changes on property investors, first home buyers, and high net worth clients.

They break down:

● Why borrowing capacity has dropped 20 to 40% overnight for property investors

● The overlooked rent-vestor cohort now priced out of the market

● Why debt recycling has become the hottest strategy in wealth management

● How the SMSF limited recourse borrowing ban is hitting middle Australia harder than the ultra wealthy

● Why auction clearance rates have crashed to COVID lows, and what that means for the next 12 months

● The case for owner occupied property as the last truly tax protected asset in Australia

Whether you're a property investor, first home buyer, mortgage broker, or financial advisor trying to make sense of the new rules, this conversation cuts through the noise with real client data and real strategies.