Arabic version: أستراليا تكشف عن إصلاحات كبيرة في الميزانية للإسكان والصحة

The 2026 Australian budget introduces significant reforms aimed at improving housing accessibility and healthcare services. One major change is the replacement of the 50% capital gains tax (CGT) discount with a new cost-base indexation system, effective from 1 July 2027. This reform is anticipated to enhance opportunities for Australians entering the housing market. Additionally, a new 30% minimum tax on net capital gains will be implemented, affecting all assets held since the introduction of CGT in 1985.

Changes to negative gearing have also been announced, limiting it to new residential builds. This adjustment aims to encourage investment in new housing stock while restricting tax deductions for established properties. The government plans to implement these changes starting 1 July next year.

Healthcare funding is a significant focus of the budget, with $1.8 billion allocated for Medicare urgent care clinics over five years. This initiative is designed to provide bulk-billed access for urgent but non-life-threatening conditions. Furthermore, $220.3 billion will be directed to public hospital services over the next five years as part of the national health reform agreement.

In response to rising costs and global challenges, the government is also investing $2.9 billion to reduce fuel excise and heavy road user charges temporarily. This measure is intended to alleviate the financial burden on households and businesses affected by the global energy shock.

According to The Guardian, the budget includes provisions for various sectors, including an increase in defence spending and support for the Thriving Kids program with $2 billion over five years. These reforms reflect the government’s commitment to addressing pressing issues in housing and healthcare, while also enhancing national security and economic stability.