Treasurer Jim Chalmers has unveiled what he describes as the most significant budget in decades, aiming to tackle economic pressures and the housing crisis amid global turmoil from Donald Trump's Iran war and rising support for One Nation in Australia.
Key Reforms and Questions
The budget introduces major changes to capital gains tax and negative gearing, alongside other reforms. However, experts question whether these measures will be sufficient to stem the rise of the populist right and ease the financial burden on younger Australians.
Expert Analysis
Nour Haydar speaks with Tom McIlroy and Patrick Commins, who break down the budget's bold promises and the challenges ahead. The reforms aim to address housing affordability but may not fully move the needle for younger voters.
- Capital gains tax changes explained
- Negative gearing reform details
- Winners and losers from the 2026 federal budget
Read more: Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster.
