Australia’s next budget will confront soaring home prices, Treasurer Jim Chalmers said, labeling the market’s trajectory as "unacceptable".

Chalmers outlined a plan to make property ownership more attainable, hinting at new policies that could ease entry barriers for first‑time buyers. The statement signals a shift toward tighter housing controls.

The move follows years of rising prices that have strained household budgets and dampened consumer confidence. By addressing affordability, the government aims to stabilize the market and protect long‑term economic growth.

Investors and developers will watch the budget for concrete measures—potential tax incentives, regulatory changes, or support programs—that could reshape supply dynamics and pricing trends.