Welcome to our live coverage of the federal budget.
Will there be anything for first-home buyers?
5.15pm
First up, there are some things we already know have made the cut, and one of those things is an expansion of the Labor government’s Help to Buy scheme.
$800 million will be invested into the shared equity scheme to expand the program, now set to cost $6.3 billion.
The extra funding will increase the income caps from $90,000 to $100,000 for individuals and from $120,000 to $160,000 for joint applicants and single parents. It will also boost the property price caps to give first-home buyers more choice.
Treasurer Jim Chalmers speaks to the media as he arrives to deliver the budget at Parliament House. Photo: Getty Images
Welcome to our live coverage of the federal budget
5.00pm
Hello and welcome to our coverage of tonight’s federal budget.
We will be watching with huge interest (and perhaps a bowl of popcorn) to see what treasurer Jim Chalmers has in store for households.
Whether you are a first-home buyer, a mortgage holder, a renter or a property investor, we’re ready to break down what the budget means for you.
Read more: Budget 2025: What we know so far on housing, cost of living and more
