How the 2025 Federal Budget Might Affect Land Lease Homeowners | MHIA Insurance
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How the 2025 Federal Budget Might Affect Land Lease Homeowners

Hear ye hear ye! The Australian Government’s 2025 Federal Budget has been released, bringing a range of changes that might impact manufactured home owners. While the budget covers many areas, we’ve highlighted some key measures that may be particularly relevant to land lease home owners.

Before we begin, this blog is general in nature and does not intend to provide financial advice. The impact of the 2025 budget will vary based on individual circumstances. Before making any financial decisions consult a qualified financial advisor for guidance tailored to your needs.

Tax Cuts for Those Still Working

Not all land lease homeowners are retired. If you're still part of the workforce, the government's income tax cuts may provide some financial relief. Starting from July 1, 2026, tax reductions will come into effect, with further cuts planned for July 2027.

Electricity Bill Relief

With rising costs of living, any relief on essential expenses is welcome. The government is extending rebates on electricity bills, with eligible households set to receive a further $150 discount applied automatically from July 1.

Aged Care Sector Improvements

For those working in aged care, the budget includes an additional $88.3 million for wage increases in the sector. Additionally, $292 million will be invested over five years to implement recommendations from the royal commission into aged care. These measures aim to improve working conditions and the overall quality of aged care services, which may benefit those receiving care.

Health and Pharmaceutical Benefits

Several healthcare initiatives are included in the budget:

  • Cheaper Medications: The cost of many prescription medications listed on the Pharmaceutical Benefits Scheme (PBS) will be reduced, with the prices set to change starting next year.
  • Women’s Health Initiatives: The budget introduces a Medicare rebate for menopause health assessments. Certain medications, including treatments for endometriosis, will also be added to the PBS.
  • Increased Bulk Billing Incentives: To improve access to affordable healthcare, the government is tripling incentives for GPs to bulk bill patients, potentially making healthcare visits more accessible.
  • New Urgent Care Clinics: A further $644 million will be allocated to build 50 more urgent care clinics across the country, aiming to ease the strain on emergency departments and improve healthcare access.

Disaster Recovery Funding

For those living in areas affected by natural disasters, the government is allocating an extra $1.2 billion towards recovery efforts following ex-Tropical Cyclone Alfred. This funding should assist and support measures to aid recovery efforts in affected communities.

What This Might Mean for You

The impact of these budget measures will depend on individual circumstances, including employment status, health needs, and where you live. Whether you are still in the workforce, receiving aged care services, or simply looking for relief from cost-of-living pressures, this budget includes a variety of initiatives that may be relevant to you.