The 2026-27 Federal Budget Has Arrived

Handed down by Treasurer Jim Chalmers, this year’s Budget places a strong focus on housing affordability, cost of living pressures and long-term economic reform, with investors, business owners and property owners firmly in the spotlight.

Among the most widely discussed measures are proposed changes to negative gearing and the capital gains tax (CGT) discount, alongside broader reforms aimed at reshaping how Australians invest, structure wealth and plan for the future.

Released against a backdrop of persistent inflation, higher interest rates, global uncertainty and ongoing housing supply challenges, the Budget introduces a number of proposed changes that could have far-reaching implications across both personal and business finances.

While significant reforms have been flagged across the tax system, the superannuation system has remained largely untouched this year.

Below, we break down the key announcements and what they could mean for you.

Key initiatives include:

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.

If you have any questions on the budget and how it may affect you, please contact the team at Maher Group today on 8522 4500.