Local Councillor Breaks Down Federal Tax Changes for Springfield Residents

Local Councillor Breaks Down Federal Tax Changes for Springfield Residents

By Rach Z | Radio Springfield City

Residents across Springfield and Goodna are being encouraged to better understand upcoming tax changes following a recent federal budget update.

Speaking on Radio Springfield City, Division 2 Councillor Nicole Jonnick—who is also a registered accountant—joined host Rach Lee to explain what the changes mean for everyday Australians.

Councillor Jonnick reassured listeners that while there has been widespread discussion around taxation reforms, particularly negative gearing and capital gains tax, the impact on the average worker is relatively modest.

“There are some small benefits coming,” she said. “The government has introduced a $250 working Australian tax offset, and there are slight reductions to the lowest tax bracket over the next few years.”

The tax rate for the first bracket is set to decrease from 16% to 15% in 2027, and then to 14% in 2028—offering gradual savings for workers.

However, more complex changes apply to property investors. New rules around negative gearing will only apply to newly purchased properties moving forward, and only if they are not brand-new builds.

For those with existing investment properties, Councillor Jonnick emphasised there is no immediate impact.

“It’s really about new purchases going forward,” she explained.

She also noted that capital gains tax changes may affect individuals with long-held assets, particularly those acquired before 1985, and recommended seeking professional advice in more complex situations.

With many Australians already contacting the ATO for clarity, Councillor Jonnick encouraged people to access reliable information online or speak directly with a tax advisor.

“There’s a lot of information out there, but if your situation is unique, it’s always best to get tailored advice,” she said.

The interview highlighted the importance of local voices helping break down national policy into practical, easy-to-understand insights for the community.