Portfolio — 9 May 2026

The Treasurer announced a $2 billion housing infrastructure investment to support 65,000 new homes, bringing the government's total housing commitment to $47 billion. The fuel excise rebate will end at June 30 with no extension. A tax reform package will accompany the Budget, but the Treasurer declined to detail any changes to negative gearing or capital gains tax.

Across three media appearances — an interview, a press conference, and a pre-budget briefing — the Treasurer consistently framed the Budget as a responsible, pro-worker plan anchored to housing supply and cost-of-living relief, with Housing Minister Clare O'Neil cited as a cross-portfolio partner on the housing agenda.