Friends With Money #255: Federal Budget 2026

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From major tax changes to new housing initiatives, the 2026 Federal Budget was packed with measures set to shape Australians' finances.

On this episode of the Friends With Money podcast, managing editor Vanessa Walker is joined by senior journalist Tom Watson to break down the key financial measures outlined in the budget and what they mean for your money.

Episode timestamps

Last night the government released its big brave budget. Tom Watson and Vanessa Walker pick through the papers to tell you how the big changes affect you.

00:36 CGT discount overhaul

01:46 New CGT rules explained

03:20 Negative gearing shakeup

04:33 Housing supply measures

07:03 Working tax offset

08:43 Instant $1000 deduction

09:40 Trust tax minimum rate

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

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Vanessa Walker is the managing editor of Money and one of the hosts of the Friends With Money podcast. She is a journalist, author and former editor in chief of Houzz. Vanessa has a Bachelor of Political Science and post-graduate studies in journalism. Connect with Vanessa Walker on LinkedIn.

Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn.