Federal Budget 2024/2025

The Australian Federal Government's 2024-25 Budget represents a significant milestone with a second successive surplus, marking the first time in almost two decades that there have been back-to-back surpluses. This budget aims to address the pressing needs of households facing cost-of-living pressures and businesses grappling with rising costs.

A key highlight of this year's budget is the introduction of the government's $11.3 billion "Homes for Australia" plan, aiming to address housing affordability and availability issues across the country. The plan is multifaceted, focusing on several key areas to achieve its goals and is supported by a $90.6 million construction workforce package.

To delve deeper into the impact of the 2024-25 Federal Budget on the real estate market, download the full report.