Housing takes back seat as Federal Budget targets cost of living
Treasurer Jim Chalmers will give every worker a tax cut but for those looking to buy a home and overcome the impact of the housing crisis there were only modest policy adjustments in the 2025-26 Federal Budget.
There was more tinkering around the edges of existing housing funding but fewer major announcements in the latest federal budget. (Image source: Australian Government)
Treasurer Jim Chalmers’ fourth federal budget, which forms a major plank in the government’s bid for re-election, was focused on the issue seen as the biggest hurdle to that political goal – cost of living.
Emphasising the global threats in the form of tariffs, slowing economic growth in China and the US, war in Europe and the domestic impact of Cyclone Alfred, Mr Chalmers had much to say about tax relief, cutting student debt, curtailing inflat…
