Building or Renovating? How Australia's Tax Changes Could Affect Your Next Project

Australia's new Capital Gains Tax (CGT) and negative gearing reforms have made plenty of headlines.

But if you're planning a home renovation in Perth, do these changes actually affect you?

For most homeowners, the answer is no.

Here's what you need to know—and why investing in quality flooring is still one of the smartest upgrades you can make.

Good News: Most Homeowners Aren't Directly Affected

If you live in your home as your main residence, it's generally exempt from Capital Gains Tax when you sell.

That means these tax changes are unlikely to change your renovation plans.

Whether you're updating your kitchen, refreshing your living room or replacing old flooring, you can continue focusing on creating a home you'll love for years to come.

What Has Changed?

The reforms mainly affect property investors.

The Government's goal is to encourage more investment in newly built homes, helping increase housing supply across Australia.

This could lead to:

• More new home construction

• Increased demand for quality building materials

• Continued growth in the home improvement industry

  
  

For owner-occupiers, the impact is expected to be minimal.

Why Flooring Is Still One of the Best Home Investments

Flooring is one of the first things people notice when they enter a home.

Replacing worn carpet or outdated flooring can instantly transform the look and feel of your space while adding long-term value.

Quality flooring can:

✔ Modernise your home's appearance

✔ Improve durability for busy families

✔ Make cleaning and maintenance easier

✔ Increase buyer appeal if you decide to sell in the future

https://video.wixstatic.com/video/51084b_d91527204da245669cfd65d13f74a4e5/720p/mp4/file.mp4

House makeover with 'Pure Natural' European Oak in Como. See more

Choosing the Right Flooring

Every renovation is different.

At Octagon Timber Flooring, we help Perth homeowners choose flooring that suits their lifestyle, budget and design style.

Our range includes:

• Premium European Oak

• Australian Hardwood

• Hybrid Flooring

• Laminate Flooring

• Parquetry Flooring

• Vinyl Planks

  
  

Whether you're renovating one room or your entire home, choosing quality flooring today can deliver lasting value for years to come.

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High-quality service and products proven by over 200 customers' testimonials.

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The Bottom Line

While Australia's new property tax reforms mainly affect investors, they shouldn't discourage homeowners from improving their homes.

If you're planning a home renovation in Perth, quality flooring remains one of the most rewarding upgrades you can make—enhancing both everyday living and your home's long-term appeal.

Thinking about your next renovation?

Visit an Octagon Timber Flooring showroom to explore our extensive flooring collections, compare large samples, and receive expert advice tailored to your project.

Book a FREE consultation

Call us for a FREE consultation

📞 08 9244 1122

Or meet us at our showrooms.

📍Unit 1 / 25 Collingwood Street, Osborne Park, WA 6017  

📍HomeBase, Suite 206 / 55 Salvado Road, Subiaco WA 6008  

📍Unit 13/3 South St, Canning Vale, WA 6155  

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Disclaimer: This article is intended for general information only and does not constitute financial or tax advice. Tax laws may change, and individual circumstances vary. Please consult a qualified accountant or financial adviser for advice specific to your situation.