The Australian Federal Budget is an important financial plan that sets the government’s priorities for the year. It decides where the money will be spent, how it will be raised (mostly through taxes), and what changes will be made to policies.
With a national goal to build 1.2 million new homes over five years, the budget outlines several investments to make that happen. Whether you're a first-time homebuyer, investor, or renter, the decisions made in the budget will influence the housing market in Queensland. Let’s break down the key points.
Building more homes, more quickly
The Federal Budget addresses the housing shortage by investing heavily in housing construction and infrastructure. Here’s how the funding is being allocated:
- $1.5 billion for state and local government to improve planning, delivery enabling infrastructure (such as roads, water and power) and build more social housing.
- $3 billion in incentives under the New Homes Bonus and up to $4.5 billion to tackle infrastructure backlogs and deliver new housing
- $54 million invested to accelerate the uptake of modern methods of construction
- $120 million to remove red tap, helping to build homes more quickly and efficiently
These measures aim to increase the speed and volume of new homes being build across Australia
Expanding
Help to Buy
The Help to Buy initiative is expanding, making it easier for Australians to get into the property market. With $800 million in new funding, this program helps eligible buyers secure a home with a lower deposit and a smaller mortage. The government will provide an equity contribution of up to 40%, making it easier for 40,000 households - including Queenslanders - to achieve home ownership
The role of the ATO in banning foreign buyers
The government is introducing a two-year ban on foreign buyers purchasing existing homes starting in April 2025 and will allocate $5.7 million to the ATO to enforce this ban. Additionally, $8.9 million will be granted to prevent land banking, ensuring that vacant land is developed more quickly for productive use.
This move aims to help local buyers find homes and land, by reducing foreign competition in the property market and is designed to make more homes available for Australians.
Investing in the constructions workforce
With the goal of building more homes, the government is focusing on attracting more workers into the construction industry. From July 2025, housing construction apprentices will receive up to $10,000 in financial incentives, and employers may be eligible for up to $5,000 for hiring apprentices in priority trades. This will assist in addressing shortages in the sector and help ensure Australia has the workforce needed meet the demand for new homes
So,
How does this affect you?
The Federal budget can influence the state’s housing market in many ways, from the property value to the availability of affordable homes. Increased funding for infrastructure, support for first-home buyers, and incentives for the construction industry all play a role in shaping a more accessible housing market.
Staying informed about the budget’s decision can help you understand how these changes might affect you – whether you’re renting, buying or investing in property. Keep an eye on future budgets for any changes that could impact your home, your investment or your dream of owning a property in Queensland.
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