Federal budget 2026 live updates: treasurer Jim Chalmers to present budget speech tonight – latest news

Deputy Liberal leader says Coalition should listen ‘very carefully’ to results of Farrer byelection. Follow the latest updates Federal budget 2026: what we know so far See all our Australia budget 2026 coverage Get our breaking news email , free app or daily news podcast ‘This isn’t about generation versus generation’, finance minister says Gallagher, the finance minister, is speaking now on RN Breakfast. She said the budget changes aren’t meant to counter housing policies that haven’t worked, but are in addition to the government’s other efforts to help young people get into their own homes. It’s all of our housing programs, 5% deposit, the Australia-future-fund" class="entity-link entity-organization" data-entity-id="125461" data-entity-type="organization">Housing Australia Future Fund, the partnership we’ve had with the states and territories, the announcement made … on the weekend or yet around enabling infrastructure, $2 billion to do the kind of the back end of housing development, all the connections and all of that kind of thing that state and territory and local government struggle with. I think there is a lot of understanding across the community about governments needing to respond to try and make housing more affordable. … This isn’t about generation versus generation. This analysis shows the housing crisis is no longer something affecting only people on the lowest incomes. Even households on median incomes are being priced out of large parts of the country. In all but 10 electorates, the median rent is now unaffordable for a household on the median income. That should ring alarm bells in every part of politics. Continue reading...