14/05/2026
On Tuesday 12 May 2026 the Treasurer Jim Chalmers handed down the 2026-27 Federal Budget, framing some of the more significant announcements as part of a broader plan to help young Australians access the property market.
Key Aspects of the 2026-27 Budget:
⏩️Housing
- Changes to the tax system to reduce existing concessions for property investors.
- Extending the temporary ban on foreign purchases of established dwellings until 30 June 2029.
- An investment of $2 billion to help local governments and state utilities build infrastructure to support new housing.
⏩️Health
- Medicare Urgent Care Clinics will receive additional funding to ease the pressure on GPs and hospitals.
- Funds are allocated to list new medicines on the Pharmaceutical Benefits Scheme, including treatments for cystic fibrosis, kidney disease and various cancers.
- An additional $25 billion in funding for public hospitals.
- Reforms to the NDIS are expected to save $37.8 billion over the next four years. The scheme will be more focused on those with permanent and severe disabilities.
- Private health insurance subsidies for Australians over 65 are being cut, with savings being used to fund aged care and dementia care units.
⏩️Defence
- The defence budget will be increased by $53 billion over the next ten years.
⏩️Fuel
- A $14.8 billion package will be used to help Australia strengthen fuel supply.
- A reduction in the fuel excise and heavy vehicle road user charge will continue to apply for three months from 1 April 2026.
The budget aimed at cost-of-living relief, economic resilience, and long-term sustainability.
Read more: https://raadvisory.com.au/news/2026-27-federal-budget-report/
2026-27 Federal Budget Report Table of Contents BUDGET 2026-27: AT A GLANCE Individuals and families A new tax offset $1,000 instant tax deduction for workers Income tax cuts. Medicare levy thresholds increased Investors Limits on negative gearing CGT discount and pre-CGT exemption replaced by in...
