Disclosure Statement: Durand Financial Services Pty Ltd and its advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. General Advice Warning: The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances.
BIGGEST POLICIES FROM THE MAJOR PARTIES AT THE 2025 FEDERAL ELECTION
LABOR:
* Tax cuts – $17.1 billion over four years.
All taxpayers will get a $5 per week tax cut from July 2026, which will then increase to about $10 per week from July 2027.
* Health – $8.5 billion
Increased funding for GPs to allow for almost all clinics to bulk bill by the end of the decade.
* Housing – $10 billion
All first home buyers would be able to put down a five per cent deposit to purchase a property in an expansion of the help-to-buy scheme. A further 100,000 homes would be built exclusively for first-time buyers.
* Tax deductions – $2.4 billion over four years
Taxpayers would be offered an instant tax deduction of $1000, which would automatically cover work expenses.
* Mental health – $1 billion
More free mental health centres and youth specialist care centres would be opened across the country.
COALITION
* Fuel excise – $6 billion over one year
The fuel excise would be halved for one year, which would shave 25 cents a litre off the price of petrol.
* Tax offsets – $10 billion over one year
A one-off $1200 tax offset would be paid to those earning between $48,000 and $104,000 in July 2026. Those earning between $104,000 and $144,000 would receive a smaller offset.
* Housing – $1.25 billion over four years
First-home buyers would be able to deduct interest on their mortgage from their taxes for the first five years of their loan.
* Health – $9 billion
The coalition matched Labor funding to bolster bulk billing rates to 90 per cent by the end of the decade.
* Nuclear energy – $331 billion over the course of construction
The coalition have flagged plans to build seven nuclear reactors across five states, which would start to come online from the mid-2030s.
GREENS
* Education – $46.5 billion over four years
University courses and TAFE would be made free for undergraduate and postgraduate students.
* Environment – $17 billion over four years
The Greens have called for an extra $17 billion set aside to push environment spending to one per cent of the federal budget.
Andrew Brown
(Australian Associated Press)
