Three winning sectors and one loser from the Australian Federal Budget

Three winning sectors and one loser from the Australian Federal Budget

Jessica Amir
Market Strategist

Summary:  Watch our three minute video covering the Australian Federal budget winners and losers. From the green transformation sector winning $20 billion in funding, to the building, construction and infrastructure sectors scoring a $10 billion pipeline of projects, to Australia's health and aged care sectors getting over $8 billion in funding. We cover the stocks that may be jagging investor attention. Meanwhile, the Government sees households doing it tough, expecting energy bills to rise 50%, which implies oil, gas, and coal companies will likely continue to garner investor attention.

Winner one; The green transformation sector. $20b will to be put toward helping Australia’s transition to net zero. Funding will going toward recently commenced projects on windfarms in Victoria and Tasmania, while also delivering cheaper infrastructure loans for renewable energy projects. Investors might like to look at companies in lithium, rare earths, hydrogen and uranium. Companies to watch might include Pilbara Minerals, Allkem, Lynas and Iluka.  

Winner number two; building, construction and infrastructure. The government will establish a $10b housing Australia future fund, to provide 20k new social housing dwellings. On a bigger scale, The National Housing Accord plans to build 1 million new homes over 5 years, starting mid-2024. Plus, the government will allow eligible people to buy a house with a smaller deposit. Investors might like to look at stocks in the sector that could benefit, including Transurban, Adbri, CIMIC, as well as  banks which may benefit from housing polices, including CBA, ANZ, NAB, WBC, as well as SUN, BOQ, BEN.

Winner number three; the health care and aged care sectors. The Government will spend $6.1b on hospitals, and extending COVID-19 support measures, so it’s worth watching companies in the sector including Sonic Health Care, ResMed, Healius, Australian Clinical Labs and Ramsay Health. On top of that $2.5b will be spent on improving aged care facilities and staffing issues. So keep an eye on aged care providers Regis, Estia and Japara.

The biggest loser is anyone paying an power bill, with energy prices likely to rise 50% over the next two years according to the Federal Government, as Australia is running short of energy. For some investors and traders, this offer opportunity. But for consumers, sadly it means more pain is to come. The Government's forecast follows a separate warning from an energy regulator, cautioning that energy prices will rise 50% in 2023 alone, as Australia is set to run short of supply. So it’s worth watching oil, gas, LNG and coal companies given profit margins are likely to rise. You might like to keep an eye on Woodside, WorleyParsons, Viva Energy, Ampol in oil and gas. And in coal New Hope and Whitehaven Coal. And for the energy sector, it’s worth watching ETFs like iShares Global Energy ETF (IXC) and Global The Energy Sector Fund (XLE).

For a global look at markets – tune into our Podcast.


Quarterly Outlook 2024 Q3

Sandcastle economics

01 / 05

  • Macro: Sandcastle economics

    Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.

    Read article
  • Bonds: What to do until inflation stabilises

    Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain inflation and evolving monetary policies.

    Read article
  • Equities: Are we blowing bubbles again

    Explore key trends and opportunities in European equities and electrification theme as market dynamics echo 2021's rally.

    Read article
  • FX: Risk-on currencies to surge against havens

    Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.

    Read article
  • Commodities: Energy and grains in focus as metals pause

    Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.

    Read article

Saxo Capital Markets (Australia) Limited prepares and distributes information/research produced within the Saxo Bank Group for informational purposes only. In addition to the disclaimer below, if any general advice is provided, such advice does not take into account your individual objectives, financial situation or needs. You should consider the appropriateness of trading any financial instrument as trading can result in losses that exceed your initial investment. Please refer to our Analysis Disclaimer, and our Financial Services Guide and Product Disclosure Statement. All legal documentation and disclaimers can be found at

The Saxo Bank Group entities each provide execution-only service. Access and use of Saxo News & Research and any Saxo Bank Group website are subject to (i) the Terms of Use; (ii) the full Disclaimer; and (iii) the Risk Warning in addition (where relevant) to the terms governing the use of the website of a member of the Saxo Bank Group.

Saxo News & Research is provided for informational purposes, does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. No Saxo Bank Group entity shall be liable for any losses that you may sustain as a result of any investment decision made in reliance on information on Saxo News & Research.

To the extent that any content is construed as investment research, such content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication.

None of the information contained here constitutes an offer to purchase or sell a financial instrument, or to make any investments.Saxo Capital Markets does not take into account your personal investment objectives or financial situation and makes no representation and assumes no liability as to the accuracy or completeness of the information nor for any loss arising from any investment made in reliance of this presentation. Any opinions made are subject to change and may be personal to the author. These may not necessarily reflect the opinion of Saxo Capital Markets or its affiliates.

Please read our disclaimers:
- Full Disclaimer (
- Analysis Disclaimer (
- Notification on Non-Independent Investment Research (

Saxo Capital Markets (Australia) Limited
Suite 1, Level 14, 9 Castlereagh St
Sydney NSW 2000

Contact Saxo

Select region


The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit

Saxo Capital Markets (Australia) Limited ABN 32 110 128 286 AFSL 280372 (‘Saxo’ or ‘Saxo Capital Markets’) is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms, Financial Services Guide, Product Disclosure Statement and Target Market Determination to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Saxo Capital Markets does not provide ‘personal’ financial product advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Capital Markets does not take into account an individual’s needs, objectives or financial situation. The Target Market Determination should assist you in determining whether any of the products or services we offer are likely to be consistent with your objectives, financial situation and needs.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the US and other countries. AppStore is a service mark of Apple Inc.

The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website is not intended for residents of the United States and Japan.

Please click here to view our full disclaimer.