🚨 They Promised They Wouldn't Touch Negative Gearing. They Lied.
With seven days until the May Federal Budget, breaking intel may has confirmed the Albanese government is moving to eradicate negative gearing altogether - grandfathered, but gone. On the same day the RBA announced another rate rise. Lachlan Delahunty is fired up, the data is damning, and we're not staying quiet.This wasn't a pre-recorded episode.
We went live because this cannot wait.
🎯 What's Covered In This Episode
✅ The election promise Labor just broke, and why Lachlan says this is "bullshit"
✅ 2.2 to 2.3 million property investors in Australia — and over 80% own just one property. This isn't targeting greedy landlords. It's hitting middle Australia.
✅ Why scrapping negative gearing will destroy the people it's supposed to help — renters
✅ What happened to rents in Australia when negative gearing was removed from 1985 to 1987 — double digit growth
✅ New Zealand's cautionary tale: introduced changes, reversed them within 12 months due to "detrimental impact"
✅ Why grandfathering will actually freeze supply — investors will hold forever rather than sell
✅ The RBA rate rise that landed the same day — and what it means for the mom and dad investor already under pressure
✅ First home buyers gifted 95% LVR loans at 5.2% — now facing rates in the sixes in a declining market
✅ Why keeping negative gearing on new builds only will flood the market with low-spec apartments (see: Brisbane)
✅ The smart money workaround: trusts, company structures — and why that makes things harder for everyday Australians
✅ 11 trillion in property vs. 2.6 trillion in debt — the stats that blow apart the "boomers hoarding gains" narrative
✅ What a fair reform actually looks like — and why capping by number of properties beats scrapping it entirely
✅ How to make your voice heard in the next seven days before it's too late
Timestamps:
00:00 The Broken Election Promise — Lachlan's Reaction
00:54 Why This Hits Middle Australia, Not Just "Greedy Landlords"
01:21 The Real Victims: Why Renters Pay the Price
02:30 What Happened to Rents Last Time We Scrapped Negative Gearing
07:42 New Zealand's Failed Experiment
08:15 Why Grandfathering Actually Freezes Supply
10:54 Rate Rise + Negative Gearing Scrapped — The Perfect Storm
13:03 The Stats That Blow Apart the Boomer Narrative
15:12 CGT Changes: What the Intel Says
18:42 What a Fair Outcome Actually Looks Like
Key Themes:
🔸 Broken Election Promise
🔸 Renters Pay the Price
🔸 Rate Rise Perfect Storm
🔸 The 1985 Warning
🔸 New Zealand's Failed Experiment
🔸 Supply Crisis Gets Worse
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Each week, Reece Beddall & Lachlan Delahunty break down the biggest conversations shaping Australian property. From market cycles to debt, strategy, data, and real-world insights, we make property simple, honest, and practical
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