🧒 Free Kinder: Ongoing Savings for Families
The government is committing $859 million to continue Free Kinder for 3- and 4-year-olds.
Why it matters:
If you have young kids or plan to, this reduces out-of-pocket childcare costs by $2,000–$3,500 per year, per child — freeing up cash flow that can be redirected toward your mortgage, investing, or super contributions.
🏫 School Support: Help with the Extras
An additional $152.3 million has been allocated to the Camps, Sports and Excursions Fund, giving $400 per eligible child to help cover school-related costs.
Why it matters:
Education costs creep up quickly. This support helps ease budgeting pressures for families juggling schooling with rising living expenses.
🧠 Cheaper Healthcare Access via Pharmacies
Pharmacists will be empowered to treat more health conditions — with no consultation fees.
Why it matters:
This means quicker and cheaper access to care for common conditions, reducing GP visits and healthcare out-of-pocket costs. It’s a small win for working professionals with busy schedules and young families.
🚆 Free Public Transport for Under-18s & Seniors
From January 1, 2026, all children under 18 will be able to travel free on public transport across Victoria — and seniors will travel free on weekends.
Why it matters:
A student Myki pass currently costs up to $755 a year per child. If you’ve got two kids, that’s over $1,500 a year saved — a major win for families. Plus, the senior benefit can save up to $360 a year per person for frequent users.
This frees up more cash for essentials, investing, or paying down debt.
🛑 What Wasn’t Included: Stamp Duty Reform & First Home Buyer Incentives
Despite expectations, there was no major reform to stamp duty or additional support for first home buyers.
Why it matters:
If you’re planning to buy property soon, the up-front costs remain unchanged. It’s more important than ever to plan deposit strategies carefully — such as using the First Home Super Saver Scheme (FHSSS) to boost savings tax-effectively.
🧮 The Bigger Picture: Debt and Future Tax Implications
Victoria’s net debt is forecast to reach $194 billion by 2029, with $7.5 billion a year in interest payments.
Why it matters:
While not a direct hit today, growing debt may lead to future tax increases or reduced services. Building a strong personal financial buffer now — through emergency savings, diversified investments, and superannuation planning — is your best defence.
🧾 Final Thoughts
This budget offers some relief for families and working professionals — especially those with young children. But with no new housing affordability measures or tax cuts, the onus remains on individuals to plan ahead and make smart financial decisions.
📍Need help reviewing your strategy or understanding how these changes affect your situation? Let’s chat.
Disclaimer: The information provided in this blog is intended for general informational purposes only and does not constitute specific advice or opinion. You should not act or rely upon the information in the blog posts or articles on this website without seeking the advice of a qualified professional who is licensed to provide advice tailored to your specific circumstances. Please do not to hesitate to contact Pursue Wealth with inquiries or to make an appointment to discuss the specifics of your circumstances with one of our qualified advisers.
