Extra funding for enabling infrastructure in the budget will offset a shortfall in housing supply due to a controversial tax package, the government says.
Two supports for small businesses will be made permanent as part of a $3.5 billion tax relief package outlined in the federal budget.
Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.
Reductions in the capital gains tax concession and a reworking of negative gearing aimed at helping first home buyers.
Australia's bottom line will receive a major improvement, as Labor sets its sights on tackling intergenerational inequity through tax and housing reforms.
After unsuccessfully campaigning on negative gearing changes while Labor leader, Bill Shorten says he would welcome a policy shift in the Federal Budget.
Australians are under financial pressure, and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.
Changes to negative gearing, capital gains tax and family trusts are expected to be unveiled in the Federal Budget.
HIA backs government initiative to help fund infrastructure projects, which should speed up the house building process.
Budget will allocate massive investment to begin process to upgrade the corridor and speed up travel times.
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