The Tax Costing Your Kids a Home

Could the new tax changes be quietly pricing the next generation out of home ownership?

In this episode, our host Adam Schaal continues the conversation with Michael McGowan, Executive Director of HIA (Housing Industry Association), for a bonus follow-up on the recent federal budget and its tax changes.

They break down what the changes to CGT and negative gearing really mean for housing supply, investors, and first-home buyers trying to get into the market.

We cover:

Why Treasury's own figures point to less housing supply, not more
Whether the CGT and negative gearing changes will actually improve affordability
How investors could end up competing directly with first-home buyers for the same homes
Why investors aren't the real reason behind the housing shortage
The impact on rentvestors and why they deserve as much support as first-home buyers
How granny flats are becoming a workaround for growing families and investors alike
The missed opportunity in Perth's middle-ring suburbs, 5 to 20km from the city

1:18 Will the Budget Changes Slow Down Building?
3:52 Are Investors Elbowing Out First-Home Buyers?
5:48 Same Tax, More Burden on Every Asset Class
6:34 Are Investors to Blame for the Housing Shortage?
7:55 What This Means for the Next Generation
9:33 Granny Flats as a Workaround
10:36 Untapped Opportunity in Middle-Ring Suburbs

Whether you're a first-home buyer, an investor, or just trying to make sense of what the budget actually changes, this episode gives you the real picture.

We've almost taken away the opportunity for the next generation to build a platform to be successful.

Locale Wealth | Smart property strategies, simplified for rentvestors, investors, and future-you.

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ABOUT ADAM SCHAAL
Adam Schaal is the Founder and Director of Locale Property Group, a leading name in Australia's property and construction industry. With decades of experience and billions in property transactions, he is known for his integrity, leadership, and commitment to transparent, client-focused service. Adam is passionate about helping people achieve their property goals through honesty, expertise, and long-term relationships.

See more from Adam:
LinkedIn: https://www.linkedin.com/in/adam-schaal/
Website: https://localefinancial.com.au/ | https://localehomes.com.au/ | https://localewealth.com.au/

ABOUT MICHAEL McGOWAN
Michael McGowan is the Executive Director of HIA (Housing Industry Association) in Western Australia, a role he has held for over seven years. With a career built on advocacy, industry education, and policy reform, Michael works closely with state and federal governments to strengthen housing supply, improve affordability, and support the residential construction sector.

See more from Michael:
Website: https://hia.com.au
LinkedIn: https://www.linkedin.com/in/michaelmcgowanhia/

ABOUT OWN IT – Your Property Partner
Real stories. Real lessons. Real talk. Buying your first home, upgrading, or investing? It is a big move and you do not have to go it alone. Hosted by Adam Schaal, the founder of Locale Property Group, Own It is where we discuss property journeys, wins, mistakes, mindset shifts, and everything in between. No jargon. Just honest, empowering conversations that shed light on all things property.

Podcast/Blog: https://open.spotify.com/show/6mJ6RDV
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Locale Property Group is the team behind Locale Homes, Locale Wealth, and Locale Financial, on a mission to help Australians build, grow, and own their futures. From securing your first home to growing wealth through property or navigating finance with clarity, we're here to simplify the journey and deliver real results. As client advocates, we offer honest guidance every step of the way, not just selling homes or loans, but reshaping how Australians experience property.