With everyday costs climbing—groceries, electricity, rent, and fuel—it’s no surprise that Australians are feeling the squeeze. To provide relief, the government has announced a one-time $700 Cost-of-Living Boost for eligible individuals and families in 2025.
This support package is designed to help Australians better manage essential living expenses during these tough economic times.
What Is the $700 Cost-of-Living Boost?
The $700 Cost-of-Living Boost is a tax-free lump sum payment aimed at helping low and middle-income Australians keep up with rising living costs. This measure is part of the broader government strategy to cushion the effects of inflation and provide targeted assistance to those who need it most.
The payment will be issued to eligible individuals and households, with many recipients receiving it automatically.
Who Is Eligible?
To qualify for the $700 Cost-of-Living Payment, individuals must meet at least one of the following criteria:
- Be an Australian citizen or permanent resident
- Hold a valid residency visa and live in Australia
- Receive an eligible government payment or pension, such as:
- Age Pension
- Disability Support Pension
- Carer Payment
- JobSeeker Payment
- Parenting Payment
- Youth Allowance
- Commonwealth Seniors Health Card holders (non-income support)
- Meet income and asset thresholds set by the government
Eligibility may be automatically assessed if you are already receiving government assistance.
How to Claim the $700 Payment
Automatic Recipients
If you already receive an eligible government payment, you do not need to apply. The $700 will be automatically deposited into your nominated bank account by Centrelink or the relevant department.
Manual Applicants
If you are not currently receiving benefits but believe you meet the income criteria, you may still be eligible. You must:
- Create or log into your myGov account
- Link your Centrelink account (if not already linked)
- Navigate to the “Cost-of-Living Boost” application section
- Fill out the online form and upload necessary documentation
- Submit your application and wait for approval
Manual claims may take 4 to 6 weeks to process.
Payment Schedule
The payment will be distributed beginning mid-2025. Automatic recipients will receive the funds between July and August, while approved manual applicants will be paid shortly after their claim is processed.
| Detail | Information |
|---|---|
| Payment Amount | $700 (one-time, tax-free) |
| Eligibility | Australian residents, benefit recipients, low-income earners |
| Automatic Payment | Yes, for those on eligible support payments |
| Manual Application | Via myGov if not already on benefits |
| Payment Start Date | Mid-2025 (July–August) |
| Processing Time | 4–6 weeks for manual claims |
Other Cost-of-Living Supports
In addition to the $700 boost, eligible Australians may also receive:
- Energy Rebate (up to $1,300 depending on state)
- Rent Assistance for eligible renters
- Pharmaceutical Benefits Scheme discounts on medications
- Childcare subsidies for families with young children
These combined measures aim to reduce financial pressure across all fronts—utilities, housing, healthcare, and everyday essentials.
The $700 Cost-of-Living Boost is a welcome relief for Australians grappling with higher expenses. Whether you’re receiving government benefits or working with a tight budget, this support could make a meaningful difference.
Make sure your personal details are up to date, and if you believe you’re eligible but haven’t received the payment, log into myGov and apply manually. Every dollar counts when managing bills in today’s economy—don’t miss out on this opportunity to ease the burden.
FAQs
Do I need to apply if I already receive Centrelink payments?
No. If you receive eligible payments, the $700 will be automatically deposited into your bank account.
What if I live in shared accommodation or with family?
You can still receive the payment as long as you have individual eligibility based on your income and residency status.
Can I receive the payment if I work part-time or casually?
Yes, as long as your income remains under the set threshold, you may qualify. Manual application may be required.