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Treasurer Jim Chalmers speaking while standing at a lectern as he delivers the 2026 federal budget.

Live updates: Federal budget — Opposition 'dead against' property tax reforms, as Chalmers defends 'contentious' changes

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Politics

Will changes to property taxes reduce housing prices?

Treasury modelling forecasts that under the tax reforms, there will be a 2 per cent reduction in property price growth.

"Prices will continue to grow, but about 2 per cent slower," Treasurer Jim Chalmers

Disability, multicultural and Indigenous leaders share mixed views

Disability, multicultural and Indigenous sector leaders have shared their views about this year's budget and how it will affect their communities.

The government will reform its permanent migration system to select "better educated", "higher-skilled" and younger migrants to address worker shortages.

Opposition 'dead against' property tax reforms, Angus Taylor says

Opposition leader Angus Taylor said the Coalition was "dead against" reforms to taxes on capital gains, negative gearing and family trusts.

"They are an assault on aspiration. They are going to undermine wealth creation," he said on ABC News. "So we will fight them all the way to when the legislation comes to parliament and beyond if necessary."

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Federal Budget 2026

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Jim Chalmers standing and speaking in the House of Representatives.

Australian News

'Brutal oppression': Australian government imposes new sanctions on Iranian officialsScrolling through his phone after his marriage ended, Tim realised he had no one to callWhat time is the 2026 federal budget? Here's everything we know so farPolice find body in search for alleged triple murderer Julian Ingram

World News

As his China trip begins, Trump insists he doesn't need Xi's help on IranTown 'at the end of the world' denies hantavirus origins as travellers warnedDonald Trump is set to land in China for historic talks — and he's bringing an old friendThe 48-hour deadline DFAT faces for Australians returning from hantavirus-hit cruise

Australian Politics

'Go for government': Western Sydney One Nation's next target after by-election winAlbanese vowed no changes to housing tax breaks. Now he's defending reformsCould One Nation's Farrer victory be the 'beginning of the end' for the Coalition?'Unfair, unacceptable': Jim Chalmers flags major tax changes in upcoming budget

Cost of Living

Australia's dying middle class — and the rise of an inherited wealth nationA $100 billion Australian sector is struggling. For Angela, it means 'working twice as hard'An inflation headache, a stronger Aussie dollar, and falling fuel prices — for nowAustralia's 'most liveable city' is also one of its most affordable — but will it last?

War in the Middle East

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U.S. Continues Maritime Blockade In Strait Of Hormuz

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Royal commission hears impacts of antisemitism on Jewish Australian women

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WARNING: This report contains confronting detail. The Royal Commission into Antisemitism and Social Cohesion has today heard data analysis and survey findings relating to antisemitism. One survey of Jewish women has found people are being excluded from circles they used to belong to, made fun of at work and retreating into their homes.

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Australian Treasurer Jim Chalmers speaks to the media during a press conference inside the 2026 Budget lockup at Parliament House in Canberra.
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Australian Prime Minister Anthony Albanese, Australian Treasurer Jim Chalmers and Australian Finance Minister Katy Gallagher walk through a courtyard during a pre budget picture opportunity at Parliament House in Canberra.

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Watch Insight on Tuesday 12 May at 8.30pm (AEDT) on SBS and SBS On Demand

The unrelenting pursuit of climbing the career ladder and achieving success has many questioning if the rat race is still worth running. Insight looks at why some of us prefer the rat race, why some are opting out, and asks: Is there a way to still run the race, without it running us?

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Adam Liaw goes inside Changi Prison. With rare access to the maximum-security wing reserved for those convicted of the most serious offences, Dateline investigates Singapore's tough stance on crime.

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