'It's just not worth it': Financial expert on Labor's housing changes | Sunrise

Dr Christian Baylis, founder of Fortlake Asset Management, has unpacked the government's capital gain tax and negative gearing changes. Negative gearing, which previously allowed investors to offset rental losses against their taxable income, will only apply to new property builds, potentially leading to rental price increases of up to 20%. The capital gains tax changes mean investors will face higher taxation on property and business sales, with inflation and tax rates significantly reducing net returns on investment gains. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from Sunrise » https://sunrise.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with Sunrise online: Facebook » https://www.facebook.com/Sunrise Instagram » https://www.instagram.com/sunriseon7/ TikTok » https://www.tiktok.com/@sunriseon7 X » https://x.com/sunriseon7 #SunriseOn7 #7NEWS