What changed

Australia: 15% rate, capital gains reform from 2027, FIRB fees and RBA rate 4.85%

From July 1, 2026 the lowest resident rate is 15% (previously 16%). Capital gains reform Act No. 49 of 2026 takes effect on July 1, 2027: the 50% discount is replaced by indexation, with a 30% minimum tax on gains; foreign and temporary residents get no indexation; losses on housing bought after May 12, 2026 cannot be offset against other income. FIRB fees for the 2026/27 financial year: new dwelling from AUD 1 to 2 million, AUD 31,300; established dwelling, AUD 93,900. On November 3, 2026 the Reserve Bank raised the cash rate from 4.60 to 4.85%.

Australia: lowest tax rate 15%, foreign ban on buying existing homes extended to 2029

From July 1, 2026 the lowest income tax rate fell from 16% to 15%. The ban on foreigners buying established homes is extended to June 30, 2029. From July 1, 2027 the 50% capital gains discount is replaced by indexing the purchase price to inflation with a minimum tax of 30%; the law has passed parliament.

Effective since July 1, 2026