BIGGEST POLICIES FROM THE MAJOR PARTIES AT THE 2025 FEDERAL ELECTION
LABOR:
* Tax cuts - $17.1 billion over four years.
All taxpayers will get a $5 per week tax cut from July 2026, which will then increase to about $10 per week from July 2027.
* Health - $8.5 billion
Increased funding for GPs to allow for almost all clinics to bulk bill by the end of the decade.
* Housing - $10 billion
All first home buyers would be able to put down a five per cent deposit to purchase a property in an expansion of the help-to-buy scheme. A further 100,000 homes would be built exclusively for first-time buyers.
* Tax deductions - $2.4 billion over four years
Taxpayers would be offered an instant tax deduction of $1000, which would automatically cover work expenses.
* Mental health - $1 billion
More free mental health centres and youth specialist care centres would be opened across the country.
COALITION
* Fuel excise - $6 billion over one year
The fuel excise would be halved for one year, which would shave 25 cents a litre off the price of petrol.
* Tax offsets - $10 billion over one year
A one-off $1200 tax offset would be paid to those earning between $48,000 and $104,000 in July 2026. Those earning between $104,000 and $144,000 would receive a smaller offset.
* Housing - $1.25 billion over four years
First-home buyers would be able to deduct interest on their mortgage from their taxes for the first five years of their loan.
* Health - $9 billion
The coalition matched Labor funding to bolster bulk billing rates to 90 per cent by the end of the decade.
* Nuclear energy - $331 billion over the course of construction
The coalition have flagged plans to build seven nuclear reactors across five states, which would start to come online from the mid-2030s.
GREENS
* Education - $46.5 billion over four years
University courses and TAFE would be made free for undergraduate and postgraduate students.
* Environment - $17 billion over four years
The Greens have called for an extra $17 billion set aside to push environment spending to one per cent of the federal budget.
Negative gearing and capital gains tax would be scrapped for property investors, which would forgo $176 billion in tax breaks.
Australian Associated Press
