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Labor’s budget will benefit the young – but does little to woo voters drawn to One Nation

Labor’s fifth budget will do what it says on the tin: it will benefit the young and the poor at the expense of the older and the rich. This is the most obvious takeaway

Why budget rhetoric won’t match reality for many younger Australians

Australians As Jim Chalmers was doing the round of the parliamentary press gallery on Tuesday, he was encouraging journalists to see the [tax reforms in the budget](https://www.theguardian.com/australia-news/2026/may/12/australia-federal-budget-2026-tax-capital-gains-negative-gearing-economy-housing-ndis-cost-of-living-oil-prices) as the most ambitious since

Coalition vows to repeal Labor’s ‘toxic’ negative gearing and capital gains tax budget reforms

budget to break Labor’s election promises on tax reform, announcing an end to negative gearing for new investment properties and scaling back the 50% capital gains tax discount. Investment properties bought after Tuesday night

Australia has some of the world's costliest homes. Will scrapping tax breaks help?

Australians like Sebastian argue the social contract that hard work is rewarded has long been broken anyway. They feel they have been denied the kinds of opportunities their parents enjoyed, and hope the changes will

Australia news live: Albanese and Sultan of Brunei pledge energy cooperation; antisemitism royal commission to hold first public hearings in May

budget submission revealed on Wednesday. The AMA president, **Danielle McMullen**, said pressures facing the healthcare system were cumulative and creating stress across the sector. She told the National Press Club patients were being treated