The Federal Budget: Key Takeaways for 2025-26
Treasurer Jim Chalmers recently unveiled the 2025-26 Federal Budget, highlighting a projected $27.6 billion deficit for 2024-25 and ongoing deficits over the next four years. The Budget focuses on cost-of-living relief, including income tax reductions and energy bill rebates.
Key points for the property industry:
- The government has now committed $120 million from the National Productivity Fund to incentivise states and territories to remove red tape preventing the uptake of modern methods of construction.
- The government will invest in the pipeline of construction workers by doubling the current maximum incentive payments for eligible housing construction apprentices from $5,000 to $10,000 from 1 July 2025, supporting Australians through their training and boosting the construction workforce.
- $800 million dollars in additional funding to expand the Help to Buy scheme by broadening the eligibility criteria for this program.
For more information, please refer this article from the Property Council:
The Federal Budget: what you need to know – Property Council Australia
