AGP Executive Report
Last update: 2 minutes agoFederal Budget Shockwave: Treasurer Jim Chalmers has unveiled the 2026-27 tax overhaul aimed at housing affordability, including limiting negative gearing for residential property to new builds from July next year and replacing the 50% CGT discount with inflation-adjusted indexation (with a 30% minimum rate), plus a $250 annual working offset for millions of workers. Migration Pressure: Budget papers also flag net migration running higher than expected this year (+35,000), driven by fewer temporary visa departures, while the government says its settings will still push numbers down. Housing Supply Debate: The Property Council warns the tax changes are a “tightrope” and insists supply unlocks must be the “big picture,” as modelling suggests only modest near-term price effects. Market Mood: Global risk appetite wobbled on US-Iran ceasefire “life support” headlines and hotter-than-expected US inflation, keeping rates in focus. Data Centres & Power: Alceon backs INSITE DC to expand Melbourne and Sydney data-centre pipeline, betting powered land is the bottleneck. Travel & Stays: Intrepid launches “Stay Intrepid,” a curated properties-and-experiences brand with five Australian sites plus one in Morocco.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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