Permanent migration program - reduction

Summary of proposal

The proposal would reduce the planning levels for the permanent Migration Program from 185,000 places to 140,000 places for 2025-26 and 2026-27, then 150,000 places in 2027-28 and 160,000 places in 2028-29 (ongoing).

The proposal would start on 1 July 2025.

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Permanent migration program - reduction

Summary of proposal

The proposal would reduce the planning levels for the permanent Migration Program from 185,000 places to 140,000 places for 2025-26 and 2026-27, then 150,000 places in 2027-28 and 160,000 places in 2028-29 (ongoing).

The proposal would start on 1 July 2025.

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Macquarie Point Stadium – redirect $240m funding to housing

Summary of proposal

The proposal would withdraw Federal funding from the Macquarie Point Stadium and redirect funding towards building homes for Tasmanians.

The proposal would start on 1 July 2026.

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Macquarie Point Stadium – redirect $240m funding to housing

Summary of proposal

The proposal would withdraw Federal funding from the Macquarie Point Stadium and redirect funding towards building homes for Tasmanians.

The proposal would start on 1 July 2026.

Read more

Macquarie Point Stadium – redirect $240m funding to housing

Summary of proposal

The proposal would withdraw Federal funding from the Macquarie Point Stadium and redirect funding towards building homes for Tasmanians.

The proposal would start on 1 July 2026.

Read more

Macquarie Point Stadium – redirect $240m funding to housing

Summary of proposal

The proposal would withdraw Federal funding from the Macquarie Point Stadium and redirect funding towards building homes for Tasmanians.

The proposal would start on 1 July 2026.

Read more

Delivering 100,000 homes and 5% deposits for all first home buyers

Summary of proposal

The proposal has two components.

Component 1 would invest $10 billion to build up to 100,000 homes for sale only to first home buyers, made up of $2 billion in grants and $8 billion in zero-interest loans or equity investments primarily to states and territories. States and territories would be required to match the $2 billion Federal Government grant contribution. Construction on the first projects would start in 2026-27. The proposal would start on 1 July 2025.

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Delivering 100,000 homes and 5% deposits for all first home buyers

Summary of proposal

The proposal has two components.

Component 1 would invest $10 billion to build up to 100,000 homes for sale only to first home buyers, made up of $2 billion in grants and $8 billion in zero-interest loans or equity investments primarily to states and territories. States and territories would be required to match the $2 billion Federal Government grant contribution. Construction on the first projects would start in 2026-27. The proposal would start on 1 July 2025.

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

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