Retail landlords not saddled with rent relief demands, such as Aventus, along with industrial property owners including Goodman Group, will be first in line to take a boost from the big-spending federal budget.

The budget puts money into the pockets of consumers – or leaves it there – with $17.8 billion in tax cuts and another $2.6 billion in support payments for pensioners in a direct effort to boost consumption. All going to plan, household consumption is forecast to rise 7 per cent by 2021-22.