If you own a house or property in Australia you should always keep up with the rules and changes that happen with politics in Australia because some of it can change what is required of you day-to-day!
From Tracey P in Australians in America:
FYI to Australian property owners – Our tax agent in Sydney sent this to us…
In recent days the Government announced a new Budget and when/ if passed by Parliament the following will affect you.
Firstly they propose to remove travel claims against Rental Properties from 01/07/2016 which means you cannot come back to Australia to visit etc and offset part of this cost against the Rental Property for Inspection, Repairs or to collect Rent.
Event
Event
Second item is that for Non-Residents they will no longer be able to claim the Six-Year-Main Residence exemption from Capital Gains Tax. Therefore the period overseas whilst renting a property over total number of days ownership will attract Capital Gains.
Josh Pugh is the founder and CEO of America Josh, the largest community for Australians living in the United States — a network of more than 75,000 members across all 50 states, grown in part through the acquisition of the Australians in the USA and Aussies International communities. Originally from South Australia, Josh moved to New York in 2017 and became a US citizen in October 2025 — so the advice he publishes comes from having personally navigated the whole journey, from the E-3 visa to citizenship. Through America Josh he has written hundreds of practical, first-hand guides on moving to and living in the US: visas and immigration, taxes, healthcare, banking, housing and settling into life in New York City. Josh is also President of Variety – the Children's Charity of New York and Founder & CEO of Fortnight Digital. He lives in the New York area with his wife Stacey and their two sons, Danny and Liam.View Author posts
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