With the election out of the way and thebudget changes and election promises are set to make an impact this year —and if you’re planning to buy a home in 2025, it’s worth knowing what’s changed and how it could affect you.
Here’s our simple breakdown of the key announcements that may influence your next move in the property market.
🔑 Help to Buy: Bigger Limits, More Support
The Help to Buy scheme is getting a significant boost. If you’re struggling to save a big deposit, this could be the break you’ve been waiting for.
- The Government will provide up to 40% equity in a new home (30% for existing homes), helping eligible buyers access the market with just a 2% deposit and no LMI (Lenders Mortgage Insurance).
- Income caps are rising to $100,000 for singles and $160,000 for couples.
- Property price caps will also increase to match rising market conditions.
👉 More about Help to Buy here
👉 Official media release
🚧 Infrastructure Spending That Could Impact Local Markets
If you’re buying in or around these locations, major road and rail upgrades could influence property values and livability:
- $7.2 billion for the Bruce Highway (QLD)
- $2.3 billion for Western Sydney’s critical infrastructure
- $2 billion for Sunshine Station (VIC)
- $350 million for WA’s Westport–Kwinana Freeway upgrades
📍Full list of infrastructure projects
🌍 Foreign Buyer Ban on Established Homes
From April 2025 to March 2027, foreign investors will be banned from buying established dwellings in Australia. This aims to free up more housing stock for local buyers.
🏗️ Fast-Tracking Housing Supply
To address ongoing supply issues, the Budget includes:
- $54 million for prefab/modular homes, cutting build times by half
- $120 million to help states clear red tape and modernise construction
- Up to $10,000 for new apprentices in housing construction trades
💸 Cost of Living: Some Relief Ahead
- Energy rebates: Two more $75 rebates for households through to Dec 2025
- Tax cuts: From July 2026, income tax rates for those earning $18,201–$45,000 will drop from 16% to 15% (and down again in 2027)
- Student debt cuts: HELP debts to be slashed by 20%, and repayment thresholds will rise
- Pharmaceutical Benefits Scheme savings: From Jan 2026, max medicine costs will drop to $25 per script
🤔 Got Questions About How This Affects You?
This Budget touches just about every corner of the home buying journey—from how much you can borrow to how much tax you’ll pay. But don’t stress—we’re here to help you make sense of it all.
📞 Book a no-obligation chat with our team to understand what finance options are available to you and how these new changes could open doors.