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The Daily Dose #288 | The Federal Budget From a Builder's Point of View

Episode 288 Published 1 week ago
Description

The 26-27 federal budget has landed, and there's plenty in it that builders, tradies, and construction businesses will feel on the ground before they ever read about it in a forecast.

This one isn't a normal budget. It's shaped by the global oil shock from the ongoing conflict in the Middle East, which has disrupted fuel supply chains, pushed up fertiliser costs, and added inflationary pressure to almost every line in a builder's invoice.

In this episode, Az breaks down the budget calmly, clearly, and from a builder's point of view. Here's what's covered:

Housing

  • The new $2 billion local infrastructure fund for water, power, sewerage, and roads to support up to 65,000 new homes
  • The pro-housing supply reforms states have to commit to in order to access the funding
  • Negative gearing limited to new builds only from 1 July 2027
  • The capital gains tax discount replaced with an inflation-based discount

Small business tax

  • The $20,000 instant asset write-off made permanent
  • Loss carryback reintroduced from 26-27, with up to 85,000 companies expected to benefit
  • The new $1,000 instant tax deduction for workers' work-related expenses

Fuel relief

  • Fuel excise halved for three months from 1 April (52.6 cents down to 20.6 cents per litre)
  • Heavy vehicle road user charge reduced to zero for the same period
  • $1 billion in interest-free loans for manufacturing and logistics businesses
  • The longer-term $14.8 billion fuel resilience package

Productivity and skills

  • All Australian standards referenced in legislation now free to access (saving around $1,600 per small business per year)
  • A commitment to remove barriers to modern methods of housing construction
  • $85.2 million to accelerate skill assessments for migrant trade workers

Az also walks through what this all actually means for housing affordability, and ends with three practical questions every builder should be asking inside their business this week.

Over the coming days, TGB will be breaking down each of these measures in more detail at thegoodbuilder.com.au.

Sponsors

This episode is proudly brought to you by MyConstruct — construction management software built for Australian builders, by Australian builders. Jobs, clients, quotes, and contracts all in one place. Get your free 30-day trial at myconstruct.com.

Also supported by Pay.com.au — get rewarded on all of your business payments. Sign up at pay.com.au/tgb and use the code GOOD20 to receive 20,000 bonus points. Terms and conditions apply, available on the site.

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