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Bar length is the count; the % is that party's grandfathered rate. Parties with 5+ members only - a rate needs a sample.
Share of each chamber that is grandfathered.
Key findings - and what "grandfathered" means
Key findings
79 of the 208 sitting members and senators - nearly two in five - declare at least one investment property that is grandfathered out of the negative-gearing change. An ordinary Australian buying the same established home after Budget Night gets none of that deduction.
Labor holds the most, and at the highest rate. 50 of those 79 grandfathered investors are Labor parliamentarians, and at 44% the Labor caucus has the highest grandfathered-investor rate of any party bloc - above the Coalition (31%), the crossbench and the Greens. The party that legislated the change has the greatest personal exposure to the carve-out it built.
That includes the Prime Minister: Anthony Albanese declares three properties, two of them grandfathered investments.
What changed
Under the Budget, an investor who buys an established residential property after 7:30 PM on 12 May 2026 can only deduct rental losses against rental income or capital gains — not against their wage or salary. The change takes effect 1 July 2027.
Grandfathering: any established property purchased before Budget Night is fully exempt. Those investors keep deducting losses against their wage indefinitely. Newly built homes, commercial property and shares are also carved out.
About this data
Figures are drawn from the Register of Members' and Senators' Interests - a snapshot of current holdings - so every investment property listed here was acquired before Budget Night and is therefore grandfathered. Properties acquired afterwards would instead appear as a dated alteration. "Investment" is inferred from the free-text purpose each member declared, so the count is a defensible estimate, not an audited figure. Declaring these interests is a requirement of Parliament; this dashboard does not allege wrongdoing - the subject is the exemption, not the ownership.
One caveat on the policy: newly built homes stay eligible for negative gearing regardless of purchase date, so a new buyer is only locked out when buying an established property. The register does not record a property's build age, so the small number of declared holdings that are new builds cannot be distinguished here. Most declared properties are established homes.