As many of you would be aware, the Federal Government has proposed significant changes to negative gearing and capital gains tax arrangements as part of the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026.
In response, the Property Investors Council of Australia (PICA) has prepared and lodged a formal submission to the Senate Economics Legislation Committee outlining our concerns regarding the potential impacts of these proposed reforms on housing affordability, rental supply, housing investment, labour mobility, and the broader Australian economy.
The submission does not seek to dismiss the Government’s stated objectives of improving affordability and increasing home ownership. Rather, it argues that these reforms risk addressing the symptoms of Australia's housing challenges while leaving the underlying causes largely unresolved.
Among the key issues raised are:
• The risk of creating a two-tier housing market that favours new property over established housing
• Potential reductions in rental housing supply in high-demand locations
• Concerns that the reforms may distort investment decisions rather than increase housing supply
• The importance of recognising housing as critical economic infrastructure that supports labour mobility and productivity
• The need to focus policy reform on planning, infrastructure, construction capacity, and other genuine supply constraintsWe encourage all members to read the submission by clicking the link below and familiarise themselves with the arguments presented on behalf of Australia's 2.3 million property investors.
PICA Senate Submission - June 2026
Take Action – Sign the Parliamentary Petition
Alongside our formal submission, a Parliamentary e-Petition has been lodged calling on the Federal Parliament to reconsider the proposed changes to negative gearing and capital gains tax.
The petition highlights concerns that the proposed reforms may reduce rental housing supply, increase pressure on renters, discourage investment in housing, and fail to address the underlying causes of Australia's housing affordability challenges.
If you share these concerns, we encourage you to take a moment to add your name to the petition and help ensure the voices of property investors, housing providers, and everyday Australians are heard throughout this process.
Sign the Parliamentary Petition
The petition is being hosted through the Australian Parliament's official e-Petitions platform and will be presented to Parliament once the required number of signatures has been reached.
As always, PICA remains committed to advocating for balanced, evidence-based housing policy that supports both investors and renters while improving housing outcomes for all Australians.
Thank you for your continued support.
Kind regards,
The Property Investors Council of Australia (PICA)
