Mathew Tiller, LJ Hooker Head of Research, provides a overview of the Federal Budget and the impact it will have on the property market.
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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.
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In this expert LJ Hooker analysis, read about how the government’s response to inflation, unemployment and interest rates, alongside global forces such as international trade uncertainty and ongoing regional conflicts, is impacting the Australian real estate industry, and what you can expect in the property market over the next 12 months and beyond.
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The LJ Hooker Group has released its latest research report 'Unlocking the Home Ownership Dream: First Home Buyers Report 2024'. This essential report identifies the 273 suburbs in each state and territory – both within capital cities and regional areas – where first home buyers can secure property and be eligible for Government assistance packages and incentives.
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