

Insights
Australia Economic Budget Update 2024/25
In announcing the 2024/25 Budget, the Federal government is attempting to provide some cost-of-living relief for households while maintaining a path of disinflation.
In announcing the 2024/25 Budget, the Federal government is attempting to provide some cost-of-living relief for households while maintaining a path of disinflation.
The overall outlook for the economy remains upbeat; growth is forecast to remain positive, and inflation fall back within the RBA’s target band over the next fiscal year. However, near-term growth forecasts have been trimmed from the last budget, albeit modestly.
The pipeline for net overseas migration remains supportive of all segments of Australian CRE; net overseas migration is forecast to be nearly 1 million over the next four years.
Addressing housing supply was a key component of this budget. A number of measures supporting the living sector were announced, including an additional $6.2 billion to increase housing supply. Measures supporting student accommodation, social housing and rent assistance also featured prominently.
Nearly $3 billion in new infrastructure commitments were announced. A $1.9 infrastructure package for Western Sydney headlined the announcements.
The Budget aims to provide a path forward for the Australian economy. However, Australia is vulnerable to external shocks, which could cause the outlook to be revised.
The overall outlook for the economy remains upbeat; growth is forecast to remain positive, and inflation fall back within the RBA’s target band over the next fiscal year. However, near-term growth forecasts have been trimmed from the last budget, albeit modestly.
The pipeline for net overseas migration remains supportive of all segments of Australian CRE; net overseas migration is forecast to be nearly 1 million over the next four years.
Addressing housing supply was a key component of this budget. A number of measures supporting the living sector were announced, including an additional $6.2 billion to increase housing supply. Measures supporting student accommodation, social housing and rent assistance also featured prominently.
Nearly $3 billion in new infrastructure commitments were announced. A $1.9 infrastructure package for Western Sydney headlined the announcements.
The Budget aims to provide a path forward for the Australian economy. However, Australia is vulnerable to external shocks, which could cause the outlook to be revised.
Contacts
RECENT INSIGHTS

MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Trang Bui • 22/07/2025
Insights • Workplace
Explore our Office Fit Out Cost Guide to budget and plan your workspace transformation in the Asia Pacific region effectively. Start optimizing your office today!
Dominic Brown • 05/03/2025
Research • Investment / Capital Markets
Australian Alternatives Outlook 2025
The Australian alternatives commercial real estate market is experiencing significant investor interest, driven by structural shifts and evolving demand for non-traditional asset classes.
24/02/2025