Let’s get one thing straight: Budget 2025 isn’t going to win any design awards. There are no champagne-popping headlines for property. No sweeping housing reforms. No investor is marching down Queen Street chanting “20% tax deductions for productive assets!”
And yet, I’m quietly bullish.
Because beneath the fiscal restraint and the political restraint (which are not the same thing), this Budget offers something property people should care about: a population that’s more likely to stay put, invest, and demand housing stability.
You can read the full Budget at a Glance here and the detailed Summary of Initiatives here. I did. Here’s what stood out to me:
The flagship “Investment Boost” is classic incentive economics. Businesses can now deduct 20% of new asset purchases in year one (not residential building though 😡 ), on top of normal depreciation. The Treasury reckons this will bump GDP by 1% and wages...
