As Australia heads towards a federal election, political strategies are sharpening. The Labor government is focusing on retaining marginal seats, particularly in Victoria and NSW, targeting millennials who are heavily online. The recent budget included surprise tax cuts, a move perceived as a strategic "wedge" against the Coalition, who countered with a temporary fuel excise cut.
Treasury forecasts see Australia growing to nearly 30 million by 2030, with Queensland gaining population and NSW losing residents. For property professionals, these trends highlight key areas for future growth and investment. Keep an eye on the impact of policy decisions and population shifts on property demand and development across the country.