https://www.news.com.au/finance/economy/federal-budget/find-out-if-you-come-out-...


Unbelievable  Im left to do this and if I am now captain?

Where is my captain wages?

Honestly.

Am I the only one who contributes anything remotely relevant and up to date to this forum?

Pfft.


 

I don’t think it’s a good budget nor a bad budget.

As I don’t believe anything an Australian politician says I doubt if 3% of what they are saying will actually occur.

I am still upset . I out of all of us are left to start this thread!

What, you’re all too busy calling each other’s childish insults to take an interest in the major political announcement of the year?

Clowns!

Television and radio is the appropriate place for a thread to discuss the federal government budget?


Only if you’re a full wit!

Come on.

This is the biggest thing the federal government will do this year!

I’m  on the fence with it?

I think it’s pretty average in all respects but so is the quality of the federal political talent pool.

I see little but band aid solutions

Poll added.

( the stupid thread in television and wireless radio devices doesn’t even have a poll).

Seriously I can’t believe I don’t have a bad back because I do all the heavy lifting around this forum!

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.


Where exactly are the 75 k families currently renting these properties going to go and live?

It’s an interesting budget and I feel  it’s not the answer for Australian people.

However I also feel it’s much better than what came before under the LNP.

This is a Ai quote-

“ Based on the 2026–27 Federal Budget, older Australians are seeing a mix of targeted support and increased costs, creating a varied outcome depending on their financial situation and health needs.Key Impacts on the Elderly in the 2026 Budget:Higher Health Costs: More than 3 million Australians over 65 (including 400,000 pensioners) with private health insurance will be hit by a reduction in rebates. This change is expected to increase premiums for those aged 65–69, and potentially even more for those 70+, with many expected to pay between \(\$226\) and \(\$255\) more a year.Aged Care Funding: The government is investing \(\$3.7\) billion more over four years into residential aged care and in-home services. This includes \(5,000\) new residential beds each year and more than \(\$200\) million for dementia services.Support at Home Changes: Following a backlash, the government has moved to cover the cost of essential services like showering and dressing, preventing a potential \(\$50/\text{hour}\) cost for in-home care, though co-payments for non-clinical care will continue.Energy and Cost-of-Living Relief: A \(150\) energy bill rebate is extended until the end of 2025, and there is a further 12-month freeze on deeming rates for pensioners until June 30, 2025.Tax Changes: Many seniors over 50 will benefit from broader tax cuts, including a lowering of the 19% rate to 16% and the 32.5% rate to 30%, which is expected to benefit 4.6 million people.Waitlist Concerns: National Seniors Australia expressed disappointment that, despite the funding increases, there were no extra funds for home care packages to reduce the 12-18 month waitlist, aiming for a 3-month waitlist by early 2027.Overall, while the budget provides cost-of-living relief and invests in the long-term sustainability of aged care, it simultaneously places a heavier financial burden on those with private health insurance.”

I understand the lower standard and higher costs involved in running a private hospital however if you close them down the public sector will be completely overwhelmed and it’s busting at the seams.


Defence seems a big winner from this budget but whether that money will go to Trumps America on imaginary submarines or spent locally to develop a military industrial complex within Australia remains to be seen.

I feel the budget solves nothing but I strongly believe that very soon our politicians will vote themselves a  pay rise after being given “ independent “ pfft, advice they are worth more 😩

I do not have a problem with negative gearing as such.  I've benefited from it in the past over funding a live theatre performance where I incurred a loss, so I think that in a genuine business intended to EARN money and be taxed on that, it is only fair that losses be carried forward.

What I do have a problem with is that serial housing buying is not a business designed to actually earn money on paper - so the accountants say every year - though the owners seem to live well.  I've said it before - nobody goes into a business to lose money... if they lose money on paper evey year there is something wrong... no business could continue under those conditions, and so what that means is that there is too much 'wriggle room' in the style of 'negative gearing' accorded to serial house purchasing (not the only accounting paradise)..

Back up a step - NOBODY gains instant 'equity' from buying one investment property...equity is developed over time - so this madness of people literally buying one house on top of equity in one just bought is - madness.  The banks do this for one reason - they fully expect - with compliant governments and many elected etc in on the same racket - that policies will continue that will inevitably make the value of a house higher and higher.... two reasons if you allow that the banks take the cream off any mortgage in the early years... so they cannot lose as long as a government persists with mass immigration raising demand, with encouraging 'investment' in existing housing, and this at a time when production of NEW housing is at what must be an all-time low.

Let's get real - many times I've driven past the ever-expanding devlopments near Maitland, NSW - and wonder where TF the people come from to live there, let alone pay the mortgage or the rent, given the slackness of jobs in such areas.  NOBODY is going to hop on a train at East Maitland and travel to Sydney every day to go to work to pay those bills... and Sydney (etc) is rapidly running out of space to build more and more developments that - infrastructure wise - are left out in the boonies, with not that many local jobs at all.

Hence the inevitable invasion of the Southern Highlands - as I predicted - the Sydney-Canberra Corridor with lots of open land and few real mountains.  Look at a map of Sydney and environs sometime.

So - where are all the viable homes within cannon shot of work going to be built? Unless you want to live in a block of units skyscraper built on the landfill of what used to be toxic Homebush Bay and environs... where are you going to live, develop a HOME, and raise a family - without spending a couple of million dollars that most can never afford at a grand a week or so?

Recently I applied for a field manager job during the Census - $42 an hour casual rate... lets say 40 hours a week....$1600 p.w. or so before tax will not pay you a mortgage in Sydney.

NO public servant I know makes that pitiful amount a week.... although ASIO's startup pay was about that... $82k or so p.a.

Incomes for most v costs of living and actually getting ahead by working for it are way out of synch - and this budget - a prediction once more, of possible future events - is nowhere near the answer.

What is required is ACTION - starting with chopping mass immigration and stabilising costs of living and prospering for Australians, then cleaning out the stables of the undesirables, then cutting out all the silly feministed ideas of being sweet to every arsehole at the expense of our society and culture, then splashing money around like blood at a Hamas invasion on 'social science' madness and 'commissions' to dictate to us how to think, then re-arranging the false ideas of the profit vultures....... then we take back the farm from the foreign parasites...

Way back Gough Whitlam's government fell over the sum of $4 Bn to 'buy back ownership of resources and convert them into a sovereign fund for all Australians owned and operated by Australians'... 

Now shockingly - Howard's stolen 'future fund for the few' is at $335 Bn - and royalties are running at about $125 Bn annually - chicken feed - and AI says it's more like $27Bn... FFS... see the issue here?  ONE resource parasite vulture in a tax haven would make that a year... EASILY.

Does anyone else see the imbalances here in this  Feudal state?

So, what’s it mean? If I pay for health insurance, is the rebate getting lowered or cut out? Meaning I pay more?
And what was that about more bulk billing doctors?
There was a few around in past, now there’s SFA! Which is why we don’t go to doctor as much because of out of pocket expenses.

It seems we are safe from changes to our current investment/rental properties and keep the 50% CGT as existing properties are grandfathered. I was worried and if there were changes was thinking of selling within next financial year otherwise!

I’m still trying to get my head around it all, and was waiting for more detailed reports …. I’m supposed to be on a short holiday here!  I’ve decided changing the name of Whitsundays to Wetsundays! Nothing worse than getting contrast photos from my kids showing Melbourne looking sunny and glorious whilst we wear raincoats 

It was mentioned in budget about funds against violence towards women.
Also a ban against foreign investors.
And some future reassurance with fuel … well who’s silly for closure of what we had!
Lots of regret there since Hormuz strife I bet!
And something about higher tax on our gas export? Well about time instead of virtually giving it away!

https://vt.tiktok.com/ZS9ESPuu9/

This budget is abysmal for the rental market. Property investors - mums and dads - have been selling up in droves ahead of the budget and numerous property market experts predict that it will become an avalanche of investors selling up because they stand to lose too much. That will mean less rental properties available in an already very tight market and this will cause rents to skyrocket as demand accelerates while supply dwindles. For many years, Labor promised not to touch negative gearing. Now, after mismanaging the budget for years under Albo, they're saying they have to take drastic action. It's the incompetence of Albo and Chalmers that has seen inflation soaring along with national debt, as Labor just can't stop spending money it doesn't have. Economists all over the country have been begging Labor to reduce spending, to no avail. Just goes to prove that Labor has no idea when it comes to governing.