Sorry first home buyers, there’s nothing in the 2018 budget for you
Housing affordability is a national issue that was entirely absent from the federal budget. Read more…
finder.com.au's bias-free analysis of the Budget changes that will affect your income and your future.
Budget night has taken place on the second Tuesday in May every year since 1994. It's the night when the Treasurer (currently Scott Morrison) officially announces the priorities for the Australian Federal Budget and sets out what the government will spend money on for the upcoming financial year, which lasts from 1 July until 30 June the following year.
We've analysed all of the Budget 2018 announcements and highlighted what it means for typical Australians. Find out everything you need to know on this page.
Latest news for Budget 2018
Budget 2018: Retiree reverse mortgage scheme expanded
The government has announced the expansion of a scheme to allow pensioners to unlock the equity in their homes. Read more…
The Federal Budget’s impact on insurance and your health
Super savings, funding for hospitals, mental health and more. Read more…
Australian government to spend $700k on blockchain research. Why?
The blockchain investment in the 2018 Federal Budget might be wasted money, and a wasted opportunity. Read more…
Tax cuts won’t help the 116,000+ Australians who are homeless
The number of homeless Australians has increased by 14%, so why is the government handing out tax cuts? Read more…
Budget 2018: Why businesses and fintechs are disappointed
Was this year's budget a lost opportunity? 8 business leaders weigh in Read more…
Budget 2018: Superannuation funds to be banned from charging excessive fees
Funds will also be banned from charging automatic insurance fees for low-balance or inactive accounts. Read more…
Budget 2018: How the income tax cuts will affect you
The government announced a seven-year Personal Income Tax Plan in tonight's budget. Read more…
Budget 2018: How small businesses will be affected
From red tape and tax cuts to support and protection for business growth, find out exactly how this year's Budget will affect your business. Read more…
How Budget 2018 will affect you
finder.com.au's bias-free analysis of every budget change that could affect your finances. Read more…
What do small businesses want from the budget?
Forget tax cuts: small businesses are more concerned with extending the instant asset write-off and addressing small business finance. Read more…
Previous budget coverage
Government launches one-stop-shop for financial complaints
The Australian Financial Complaints Authority has passed through parliament after initially being proposed in the 2017 Budget. Read more…
Spotcap MD “keeping fingers crossed” over throwaway line in budget
Fintechs such as Spotcap are hopeful about the budget's mention of open data. Read more…
The stats are in: Businesses are “comfortable” with the budget
The latest MYOB survey found 34% of SMEs thought budget measures were more positive than negative. Read more…
Changes to negative gearing could hurt investor demand
Small changes to negative gearing could have big impacts, property pundits have claimed. Read more…
Budget 2017: Will open data improve credit score usage in Australia?
The government's plan for open data could push Australians to take full advantage of their credit scores. Read more…
Budget 2017: Retirees’ superannuation changes
The government is encouraging older Australians to sell their family home and put the money into their superannuation. Read more…
Budget 2017: Visiting the doctor might get cheaper
Bulk-billing is the big winner with the lifting of the Medicare rebate freeze. Read more…
Budget 2017: How will banks tighten credit card practices?
How can we expect credit cards to change following the 2017 budget? Read more…
Budget 2017: What it means for the housing market
Last night’s Budget had some broad-reaching implications for the housing market. We break it down for you. Read more…
Budget 2017: How will it help first home buyers?
New measures to allow saving at lower tax rates through salary sacrifice for your deposit explained. Read more…
Fintech sector welcomes Budget 2017
An improved regulatory sandbox and reduced barriers for challenger banks are among the new measures being applauded. Read more…
Budget 2017: Government introduces new financial complaints authority
The Australian Financial Complaints Authority will be an external one-stop-shop for all financial services consumer disputes. Read more…
Budget 2017: How will businesses be affected?
Small businesses will enjoy another year of the $20,000 instant tax write-off among other changes in this year's budget. Read more…
Budget 2017: Foreign property buyers squeezed
While first homebuyers were handed some relief by last night’s budget, foreign investors won’t be celebrating. Read more…
Budget 2017: What it means for fintech industry
How the financial innovation market fared in the Budget. Read more…
Budget 2017: How much will bank fees change?
Will new levies for banks end up imposed as customer fees? Read more…
Budget 2017: How much will health care costs go up?
The Medicare levy is going up for everyone, but some services will be cheaper. Read more…
How Budget 2017 will affect you
finder.com.au's bias-free analysis of every budget change that could hit your finances. Read more…
Budget 2017: University fees to rise by 7.2%
Students will also have to start repaying HELP debts sooner. Read more…
Housing affordability a continuing struggle for Aussies
More than a third of Australians renting or living with family cannot afford even a 10% deposit toward a property. Read more…
When do pensions get there pay increase
Hi Patricia,
Thank you for your inquiry.
Are you referring to the increase in Age Pension? If so, there’s no announcement yet from the Department of Social Services (DSS) as to when will be the next increase in pension payments. The latest increase at the moment was made on 20 March 2017 and this will be until 19 September 2017. If you’d like to get more updates regarding the increase, please contact Centrelink or Department of Social Services directly.
Cheers,
May