Jul 10, 2026 – 5.00amThe space above flat, idle roofs in the heart of capital cities could provide an answer for residential property investors hoping to harness generous negative gearing and capital gains tax discount settings under the recent budget changes.It is understood that airspace developments – which use rooftop space above existing apartment blocks – will qualify as new builds.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Look up, not out for negative gearing after the budget
The budget limited negative gearing to new build properties, but that doesn’t mean you need to buy in a greenfield site on the city fringe.
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