Cost of living in mind as Labor clutches purse strings

The federal government says the election campaign won't be a spending frenzy. (Bianca De Marchi/AAP PHOTOS)

The federal election looms as a cost-of-living showdown but both major parties are yet to splash wads of cash in a bid to woo voters.

With Australians due to cast their votes before May 17, Anthony Albanese has kicked off the year by courting voters in marginal electorates across multiple states.

Their decision may boil down to the question of whether they feel better off than when Labor came to power in May 2022.

The PM has yet to name a date for the election, but says a fixed four-year term should be standard.

Shadow treasurer Angus Taylor has claimed the average Australian is $8000 worse off than 18 months ago.

But the prime minister pointed out the opposition did not support its $300 energy bill rebate for households and was yet to unveil a cost-of-living measure.

"Not one," he told reporters at the Midland urgent care clinic in Perth, his 27th visit to Western Australia as prime minister.

After journeying through Queensland and the Northern Territory, Mr Albanese on Thursday announced $200 million for housing and community infrastructure for WA and three extra ports to import and export goods in regional parts of the state.

WA was crucial to Labor's 2022 election win and the party will attempt to maintain its grasp and grow support in a handful of knife-edge electorates.

Politicians have usually returned to work after the January 26 public holiday, so the prime minister's whirlwind tour marks an unusually early start to the political calendar.

The opposition leader has been fairly quiet since the start of 2025, but Nine papers suggest Peter Dutton will kick off his unofficial campaign on Sunday.

Opposition Leader Peter Dutton (file image)
Opposition Leader Peter Dutton is expected to start his own pre-election campaign within days.

The prime minister was remaining tight-lipped on when he would call the election.

"I can confirm that I am not announcing the election date here today," he said.

The rising cost of living remains a chief concern for many Australians and, while the government will do what it can, Treasurer Jim Chalmers says it must be responsible.

"People shouldn't expect this election to be a big free-for-all of public money or a huge cash splash," he said on Thursday.

"We've got to continue to manage the budget responsibly but if we can do a little bit more to help people with these cost-of-living pressures, of course we'll consider that."

Australians are increasingly directing their discontent at the major parties, with polling predicting neither Labor nor the coalition can form a majority government. 

Anthony Albanese at the Midland Medicare Urgent Care Clinic
Anthony Albanese announced $200 million for housing and community infrastructure for WA.

This could offer an opportunity for minor parties and independents to exert their influence during the next term.

"This election is so vital for the future of Australia and the role that we play in the world," Greens senator Sarah Hanson-Young told the ABC.

"Whether it's Anthony Albanese or Peter Dutton, we will hold them to account and give insurance to the Australian people that dangerous policies won't pass."

Mr Albanese has already spruiked millions in spending for local community facilities and infrastructure in north Queensland, where Labor is eyeing the seat of Leichhardt held by retiring Liberal MP Warren Entsch.

Mr Albanese also used a visit an NT cattle station on Wednesday to highlight the economic benefits of China ending its suspension of Australian beef exports.

License this article

What is AAPNews?

For the first time, Australian Associated Press is delivering news straight to the consumer.

No ads. No spin. News straight-up.

Not only do you get to enjoy high-quality news delivered straight to your desktop or device, you do so in the knowledge you are supporting media diversity in Australia.

AAP Is Australia’s only independent newswire service, free from political and commercial influence, producing fact-based public interest journalism across a range of topics including politics, courts, sport, finance and entertainment.

What is AAPNews?
The Morning Wire

Wake up to AAPNews’ morning news bulletin delivered straight to your inbox or mobile device, bringing you up to speed with all that has happened overnight at home and abroad, as well as setting you up what the day has in store.

AAPNews Morning Wire
AAPNews Breaking News
Breaking News

Be the first to know when major breaking news happens.


Notifications will be sent to your device whenever a big story breaks, ensuring you are never in the dark when the talking points happen.

Focused Content

Enjoy the best of AAP’s specialised Topics in Focus. AAP has reporters dedicated to bringing you hard news and feature content across a range of specialised topics including Environment, Agriculture, Future Economies, Arts and Refugee Issues.

AAPNews Focussed Content
Subscription Plans

Choose the plan that best fits your needs. AAPNews offers two basic subscriptions, all billed monthly.

Once you sign up, you will have seven days to test out the service before being billed.

AAPNews Full Access Plan
Full Access
AU$10
  • Enjoy all that AAPNews has to offer
  • Access to breaking news notifications and bulletins
  • Includes access to all AAPNews’ specialised topics
Join Now
AAPNews Student Access Plan
Student Access
AU$5
  • Gain access via a verified student email account
  • Enjoy all the benefits of the ‘Full Access’ plan at a reduced rate
  • Subscription renews each month
Join Now
AAPNews Annual Access Plan
Annual Access
AU$99
  • All the benefits of the 'Full Access' subscription at a discounted rate
  • Subscription automatically renews after 12 months
Join Now

AAPNews also offers enterprise deals for businesses so you can provide an AAPNews account for your team, organisation or customers. Click here to contact AAP to sign-up your business today.

SEVEN DAYS FREE
Download the app
Download AAPNews on the App StoreDownload AAPNews on the Google Play Store