Category Archives: Australian budget 2026

Australian housing was already cooling before the budget – but how cold it gets depends on two key factors

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Most economists believe the chronic undersupply of homes will eventually push prices higher once interest rates ease and the tax changes are priced in

The government’s property tax changes have become one of the defining political issues of Labor’s second term, drawing fierce criticism from opponents who argue they represent an “assault on aspiration” that will destroy home values.

In the three weeks after the negative gearing and capital gains tax changes were revealed in the 12 May budget, housing data has begun to show how they may affect Australia’s property market. Here’s what the data shows, and what could happen next.

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Labor’s NDIS overhaul faces delay as Coalition and Greens consider teaming up to slow bill’s passage

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Government hopes to rush NDIS and tax changes through parliament but opposition and crossbench push for more scrutiny

The Greens want Labor to halt its plans to rush NDIS cuts through the Senate later this month, urging a longer inquiry process as the government seeks the minor party’s support for its contentious tax and housing changes.

It opens the possibility of the Greens and Coalition teaming up in parliament to support extending separate Senate inquiries into both the changes to the national disability insurance scheme and tax proposals, thereby delaying Labor’s hopes of passing those bills before the end of June.

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Soft toys, memes and a movie villain: Labor tries to simplify the message but selling a budget isn’t child’s play

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As the budget fight plays out fiercely online, Labor senator Ellie Whiteaker turns to a zebra and a giraffe for help

Selling a complicated federal budget isn’t exactly child’s play, but Anthony Albanese and Jim Chalmers could do worse than following the example of their colleague’s toy giraffe and zebra to help explain their contentious tax changes.

The budget fight is dominating parliament and Senate estimates, but it’s being fought just as fiercely online. The weapons of choice? Memes, fluffy animals and a questionable reference to a serial killer cannibal.

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Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes

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Prime minister launches impassioned argument in favour of much-maligned reforms announced in last week’s federal budget

A visibly emotional Anthony Albanese has launched an impassioned defence of Labor’s proposed changes to negative gearing, the capital gains tax discount and family trusts, saying he will “not allow Australia to become a country where aspiration is only for some”.

The prime minister has faced sustained criticism to the reforms, which include limiting negative gearing to new-builds while grandfathering existing properties, changing how CGT is calculated and imposing a new 30% minimum tax on discretionary trusts.

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MPs urged to ignore fearmongering and pass Labor’s ‘long overdue’ negative gearing and CGT changes

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Exclusive: Any attempt to use the budget measures as an excuse to raise rent is opportunistic profiteering, housing advocates say

Australia’s peak community and housing groups have urged federal parliament to quickly pass Labor’s changes to negative gearing and capital gains tax, saying the reforms would improve fairness for renters and young homebuyers.

The government may introduce its negative gearing and CGT changes into parliament as soon as the coming sitting fortnight, with hopes of passing the legislation soon after with the support of the Greens.

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POV: you’re Jim Chalmers using social media to sell the most ambitious budget of your life

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Politicians still care about traditional media, but winning over people spending more of their lives online is the challenge for modern MPs

He’s up before sunrise, pounding the pavement in a cap and running shorts. He’s still up late into the night, having slipped into a comfortable sweater while he checks figures in a darkened office by lamplight, fuelled by sugar-free Red Bull.

It’s “decision week”, Jim Chalmers declares of the annual federal budget in a video that pinged around political group chats this week. The treasurer was keen to take people behind the scenes on social media.

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NDIS cuts could leave some participants with a funding gap. How will the changes affect you?

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Proposals also grant the health minister power to change disability support rules without state or territory approval. Here’s what you need to know

Funding for some services within the National Disability Insurance Scheme will be slashed – even in cases where participants could be left with a funding gap – as part of a sweeping proposal to drastically curb the scheme’s annual growth.

The proposed changes, revealed on Thursday, will also grant the health minister, Mark Butler, god-like powers to reduce overall funding for support categories, determine pricing guides and caps for services and support, and the ability to change NDIS rules without state and territory approval for the first 12 months.

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Labor accused of ‘robbing Peter to pay Paul’ for axing $760m research program to fund other science measures

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Researchers say budget decision to cut commercialisation program to fund the CSIRO and other science initiatives undermines the government’s own priorities

The federal government has been accused of “robbing Peter to pay Paul” over the budget axing of a $760m research commercialisation program in order to fund other science initiatives.

The budget includes a $387.4m boost to “support the financial sustainability” of the beleaguered national science agency CSIRO, as well as $273m for the National Measurement Institute.

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Has Labor’s tax reform killed ‘rent-vesting’ for young Australians seeking a foothold in the housing market?

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Changes to capital gains tax and negative gearing will make the strategy of renting in a preferred area while buying a cheaper property elsewhere less attractive, experts say

Rent-vesting – a popular strategy used by young Australians to save for their first home – could be killed off by Labor’s tax changes on investment properties, experts warn.

Renters have used the strategy to keep living in their preferred area while buying a cheaper property elsewhere, hoping it will rise in price so they can sell and put the profits towards their first home.

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A Zara dress, the Jim Reaper and a communist state: how Australia’s media interpreted the budget

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The Murdoch papers sharpened their sickles and hammered Jim Chalmers’ budget for ‘the most radical redistribution of wealth since the Whitlam era’

The voters of New South Wales woke up in a communist state on Wednesday – at least according to the Daily Telegraph, which claimed that “Lying Jim” Chalmers was cackling like the devil as he gouged them with big taxes in the federal budget.

To underline this apparent sharp turn to the left, the Tele added a red hammer and sickle and used a red background.

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Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump

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Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arrive

The budget for Australia’s contentious Aukus deal has ballooned by more than $430m over four years, with the agency charged with securing the country’s nuclear-powered submarines requiring a massive injection of funding and staffing.

The Australian Submarine Agency’s resourcing for next financial year will jump by a third – from $385m to $512m.

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Federal budget 2026 winners and losers: rich families, overseas travellers and illegal tobacco – summary

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Taxpayers and first home buyers are the winners in Labor’s 2026 budget, while rich families could be among the losers. Find out who is better off and who is worse off in Chalmers’ budget

Being a winner or a loser from the federal budget can be the difference between hundreds of dollars – or tightening your belt even further.

Tuesday’s federal budget comes at a strange time. Donald Trump is waging a war on Iran that is impacting fuel supplies globally, including Australia. Inflation is still causing havoc on household budgets. Government programs are costing more than ever.

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Huge cuts to national disability insurance scheme aim to save more than $36bn in budget’s largest single measure

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NDIS changes foreshadowed by health minister Mark Butler will drastically reduce access to the scheme, with nearly 700 staff positions to go at NDIA

The government expects to recoup $36.2bn by curbing the national disability insurance scheme’s growth over the next four years as it looks to return to the NDIS’s “original purpose” of supporting people with “significant and permanent disability”.

The treasurer, Jim Chalmers, said the budget’s savings package amounted to genuine economic reform, beyond the “usual nips and tucks”.

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David Pocock applauds $387m in extra funding for CSIRO after tens of thousands sign petition

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Analysis commissioned by independent senator found national science agency’s funding is at its lowest since 1978

The Albanese government will boost funding to CSIRO by $387.4m in a bid to meet the long-term costs of the national science agency.

It follows months of advocacy by scientists and staff after hundreds of job cuts and cost-cutting measures.

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News live: Bell says royal commission will look at ‘ugly displays of hostility’ towards Jewish Australians as hearings begin

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Meanwhile treasurer says next week’s budget will save more than it spends. Follow today’s news live

Jim Chalmers says next Tuesday’s budget will not extend the 26 cent fuel tax cut beyond June.

But with Australia “hostage” to the wild swings in global oil prices amid the ongoing US-Israel war on Iran, the treasurer said there was “a range of contingencies” prepared to help support households and the economy from any escalating damage as a result of the Middle East conflict.

The budget will be calibrated for the conditions, but it will also still be consistent with our ambitions.

The election began a year of delivery, and the budget will begin a year of more ambitious reform, reform which is made more not less, urgent by global inflation and global economic uncertainty.

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