928b the opportunities and risks of property investing in 2027

**Glen James** (0:06)
Hello, my friends, if you are watching, you will notice that I'm not sitting in my studio. I'm in fact on tour in Melbourne. Today, I am in the studio of The Property Couch. Is this Ben the Couch?

**Ben Kingsley** (0:20)
This is, well, there was an original one. Right. But it was too big.
So we needed to bring it in. So we replaced it. I think people might remember that it's, that it has changed over the journey.

**Glen James** (0:31)
Yeah. So Ben Kingsley is the host of The Property Couch. You've got a big couch crew. Empire here in Melvin.
We're going to have a bit of fun today. I want to talk about the opportunities and the risks of, particularly every freaking second question in our Facebook groups about property. I don't know. Everyone's just like, Australia's love affair, mate. They do. And we're going to talk about probably the option in risks into the end of 2026 and into the start of 2027 If someone wants to buy an investment property for their first property, their next property, a property, I will say we are recording this on Wednesday, the 10th of June. It's scheduled to go up on the 16th of July. So just have some grace if you're listening to this. And yesterday they legislated that the CGT rate is changed again. And there's a 40% floor, not a 30%. I don't know.
But we're going to have a bit of a hoot and a half. Ben's book, How to Retire on $3,000 a Week. Geez, that's a book. So you wrote this with Bryce, who used to do a fair bit of podcasting with you.

**Ben Kingsley** (1:45)
Yeah, no, so Bryce, no, he's on a sabbatical. So he's taking 12 months to do a couple of other love projects.

**Glen James** (1:52)
He prayed love, if you will.

**Ben Kingsley** (1:54)
Yeah, that's what I'm saying. So no, we had him on, he came on for, and he'll probably come on throughout the year, but we did a post-budget diagnostics. So he joined us for that. But no, he's working on a couple of projects. One thing, he's doing a bit of work with Veronica Morgan and a few other things.

**Glen James** (2:10)
Yeah, she's out of Sydney. I know Veronica.

**Ben Kingsley** (2:12)
She's one of the buyers, and obviously Bryce is one of Australia's most recognized buyers agents out there.
So they're going to go off and do some projects. And he's also got some other. He's doing some great work around restoring eye sites in Indonesia and so forth. So he's doing some great work there. So no, he's just doing a couple of little other projects.

**Glen James** (2:30)
Hasn't got the corporate bullet just having a break.

**Ben Kingsley** (2:32)
No, that's exactly right. Bryce is his own man, so he's scratching a few itches.

**Glen James** (2:38)
Yeah, love it. Well, my friends, you are listening to Money Money Money. My name is Glen James, joined by Ben Kingsley, and we're going to do a show right now.
Before we get into it, this show is general advice only. I've got a license to provide that advice. Full details can be found in the show description. My name's Glen James, former financial advisor. I host this show and a show called Retire Right. I've got some books, the award-winning Quick-Start Guide to Investing and the Quick-Start Guide to Your First Property, available where good books are sold or in the description. If you're new here, welcome. If you're in old hand, welcome to M3. Let's get into it right now.
Okay, so Elephant in the Room, if you will, around you property people, you know, you've got a type, you property people.

**Ben Kingsley** (3:35)
And you're going to ask me the question that everyone's asking.

**Glen James** (3:37)
Yeah, so the negative gearing changes.

**Ben Kingsley** (3:40)
Yep.

**Glen James** (3:41)
We woke up to that change on that Tuesday night. It just, I don't think the negative gearing stuff was leaked. The CGT stuff was. Big shock.
Your view on how that changes the landscape for property investing in Australia.

**Ben Kingsley** (3:59)
Well, I think what a lot of people are still trying to come to grips with is the fact that it's not, the benefit's not gone, it's just deferred. And so I think, you know, the challenge with that is that the nurse, the teacher, the, you know, the person on that lower income doesn't have the luxury of the cash back that they were getting as part of negative gearing to hold an investment property if they're buying established, right? So we've got to understand it's, you know, it's still available on you, but we want to put a public warning out there about, you know, what's happening with you. So I'll come back to that.