I note the #Albanese Government has finally done something about #NegativeGearing and the #CapitalGainsTax in the Budget.

It is only four years late for this mob and it should never have been made in the first place by John Howard’s Government. But as @amyremeikis.bsky.social points out in her excellent book, everything that is wrong with Australia started under the Howard Government.

The Negative Gearing change ‘grandfathers’ (ie, does not apply to) people with existing properties … that would be nearly every politician in the Federal Parliament.

I’ll write that again … the changes to negative gearing do not apply to nearly every single politician in the Federal Parliament.

#AusPol #Budget2026 #Budget26

Edited to add a hashtag

The government is reducing the VAT rate on apartments to make apartment building more attractive. Despite what one commentator has said on the radio this morning, this will have no impact on the cost of the apartment for buyers.

The "attractiveness" of the VAT cut for developers is that they can make more profit per apartment (about €20k), they're not going to pass that on to buyers.

And it's not going to increase supply to the extent that apartment prices will come down.

#Budget26

I've never been able to cope with the fact that Paschal Donoghue can't say "put."

#RTÉPT #Budget26 #MastoDaoine

The government has announced €360 million for Active Travel in this year's budget. On the face of it, it looks like they've maintained the same level of funding from the previous government.

Unfortunately, with inflation, this is effectively a 20% cut on what was set aside for Active Travel in 2020. We needed to see this increase to €450 million this year to keep up with inflation.

#Budget26