The 2024-2025 Federal Budget prioritises cost-of-living relief for Australians, with several measures directly impacting families, homeowners and homebuyers. Here at Mortgage Innovations, we’re committed to keeping you informed and empowered throughout your financial journey. Let’s explore what this budget means for you:

Tax Cuts: The stage 3 tax cuts coming into effect from July 1st will put more money back in your pocket. This could translate to thousands saved for typical income earners, potentially increasing your borrowing power for a new home or helping manage existing mortgage repayments.

Energy Bill Relief: The $300 quarterly energy bill rebate will provide welcome assistance in the face of rising electricity costs. This can free up some of your budget for other priorities, like saving for a deposit or managing your mortgage comfortably.

Rental Assistance Boost: The 10% increase in maximum rental assistance rates offers much-needed relief for renters grappling with affordability challenges. This could free up some of your income to explore homeownership opportunities in the future.

Student Debt Relief: Capping student debt indexation is a positive step towards easing the financial burden on over 3 million Australians with HELP/HECS debts. This can improve your overall financial health and make saving for a home a more achievable goal.

These measures arrive at a critical time, offering a buffer against rising prices and housing costs. We’re here to help you understand how these changes impact your individual financial situation and homeownership goals.

We encourage you to reach out to us for a personalised consultation to discuss how this budget can benefit your financial plans. Whether you’re looking to buy your first home, refinance your existing mortgage, or simply optimise your finances, our team is here to guide you every step of the way.


We’re a family-owned business with around 8 staff, 15+ years experience and more than $500M of approved loans. By taking time to understand your requirements, we help make your dreams come true with caring, professional service.

Our team of specialists including Gold Coast Finance Brokers, Medical Mortgage Brokers, Varsity Lakes Mortgage Brokers, Gold Coast Mortgage Brokers and Southport Mortgage Brokers  will find the right loan for you.


See Privacy Policy  | Terms and Conditions © 2023 Mortgage Innovations - All Rights Reserved | Mortgage Innovations Pty Ltd CAN 128 840 040 is authorised under LMG Broker Services Pty Ltd Australian Credit Licence 517192.

Website Design by Gold Coast Graphic Design | Development by Peritum Studios


This page provides generic information only; it was created without considering your individual goals, requirements, or financial condition. Before accepting any offer or product, we advise you to think about whether it is appropriate for your situation and to assess your entire financial status. It is not intended to be legal, tax, or financial advice, and you should always obtain a professional's opinion regarding your particular situation. All loan products are subject to lender requirements and approval. Fees, terms and conditions apply.

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.