In its second term, the Albanese Labor government is focused on housing supply, cost-of-living relief and fuel security. The 2026-27 Budget reforms tax settings for investment housing and adds an A$14.7 billion fuel resilience package.
What a Korean company can do now
Government · leader
King Charles III (Head of State); Prime Minister Anthony Albanese (Head of Government)
Key national agenda
- Boosting housing supply and reforming tax settings for investment property
- Strengthening fuel and energy security, including a government-controlled fuel reserve
- Cost-of-living relief and tax support for small businesses
- Growing the AI industry and lifting productivity
- Streamlining approvals and speeding up skilled-migration assessments
Government programmes
Fuel resilience packageA$14.7 billion
Includes a A$3.2bn government-controlled fuel security reserve and raises minimum stockholding days for diesel, jet fuel and petrol
Housing Support Program – local infrastructure fundA$2 billion over 4 years
Funds local infrastructure needed to unlock housing supply
AI Accelerator grantsA$70 million
Grants for domestic AI development and commercialisation
Investment housing tax reform
Replaces the 50% CGT discount on established homes with indexation, and limits negative gearing to new builds
Permanent A$20,000 instant asset write-off
Makes the write-off permanent and reintroduces loss carry-back
Western Sydney International Airport opening
Business opportunities
AI dashboard for fuel inventory monitoring and demand forecasting
🔒 Why-now and buyers — analysis member ₩19,800/mo
SaaS that automates review of housing approval documents for local government
🔒 Why-now and buyers — analysis member ₩19,800/mo
Open this week
AI automation package for SMEs, plus grant application consulting
AI grants and the permanent instant asset write-off give SMEs more room to invest in digital tools.
Australian SMEs, Korean-Australian businesses
Market-entry due diligence and local partner matching for Korean SMEs
🔒 Why-now and buyers — analysis member ₩19,800/mo
Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
Korean support schemes
- KOTRA Sydney (incl. Brisbane desk) · KOTRA — Supports market entry through local market research, buyer matching and job fairs.
- Export Voucher program · MSS / MOTIE (run by KOTRA/KOSME) — Vouchers that cover overseas market research, certification and consulting costs; they can also be used to prepare for entry into Australia.
Official notices
Prime Minister of Australia (pm.gov.au)
- 2026-10-26 Western Sydney goes international
- 2026-10-25 First passengers fly from Western Sydney International (WSI)
- 2026-10-23 Funding for a Gold Coast sports facility
Disaster · conflict · epidemic
Stable 2026-11-07
—
—
—
