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Queensland land valuations have skyrocketed, with some regional areas seeing increases exceeding 230%, potentially leading to higher council rates and land tax bills. This surge is attributed to a combination of factors, including strong population growth, improved infrastructure, and favorable market conditions.

The 2025 Australian federal election, scheduled for May 5th, will mark the culmination of a three-year term for the current government and usher in a new era of political leadership for the nation. This pivotal event will see Australians cast their votes to determine the composition of the House of Representatives and half of the Senate, shaping the direction of the country for the next three years.

The 2025 Australian federal election campaign has officially begun, with both major parties focusing their campaigns on the cost of living and energy policy. The polls currently show a dead heat between the Coalition and Labor, making this election crucial in determining the outcome of the government.

The budget forecasts a "soft landing" for the Australian economy, with lower inflation, continued employment growth, and higher wages expected to boost household incomes. However, the budget acknowledges challenges with immigration, with net overseas migration now forecast to be higher than previously estimated.

The Coalition government's gas reservation plan aims to bring down power bills by the end of the year, but details on the expected savings and potential consequences remain unclear. Labor is yet to take a stance on the plan, while both parties emphasize their commitment to improving access to healthcare and protecting Medicare.