Australia's 2025 Election: Cost of Living Crisis Dominates as Independents Gain Ground
May 2, 2025
On May 3, 2025, Australians will head to the polls to choose between the incumbent Labor party, led by Prime Minister Anthony Albanese, and the opposition Liberal/National Coalition, headed by Peter Dutton.
Economic issues, particularly the rising cost of living, have dominated the election campaign, with voters voicing concerns over soaring prices for essentials like food and fuel.
Albanese, 62, has focused his campaign on renewable energy, addressing the housing crisis, and improving healthcare, while Dutton has adopted a 'hardman' image, emphasizing migration and crime.
Dutton has faced criticism for his comparisons to Donald Trump, which have not resonated well with Australian voters and earned him the nickname 'Temu Trump' due to associations with a low-cost Chinese online store.
Dutton has claimed that only a Liberal government can effectively manage the economy and reduce government debt to alleviate the cost-of-living crisis.
Both candidates have faced scrutiny over their handling of key issues such as housing and Indigenous affairs, with Albanese criticized for his management of social tensions.
Albanese noted the influence of a Trump campaign adviser visiting the Liberal party, calling it 'interesting' and suggesting it may have impacted Labor's campaign.
The housing market has been severely affected, with rising prices and rents exacerbated by inflation, which has also strained builders' profit margins.
During a leaders' debate, both candidates struggled to answer questions about everyday prices, highlighting their disconnect with the economic realities faced by voters.
In a surprising endorsement, Julian Assange backed Albanese just before the election, stating he did more for his freedom than any other politician, although Albanese downplayed the significance.
His perceived closeness to Trump, along with controversial statements about cutting over 40,000 public sector jobs, has negatively impacted Dutton's approval ratings in recent polls.
Independents and minor parties are gaining traction, with candidates like Kate Chaney representing a growing movement against traditional party politics, particularly in affluent areas.
Summary based on 56 sources
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Sources

The New York Times • May 2, 2025
Voting in a Fraught World, Australians Focus on Cost-of-Living Concerns
The Guardian • May 2, 2025
As Australia heads to the polls, big parties brace for rise of independents
BBC News • May 2, 2025
Australia: A guide to election day
BBC News • May 1, 2025
Donald Trump is looming over Australia's election