Biggest election pledges – and how much they cost

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.

Andrew Brown
(Australian Associated Press)