Lower taxes, cheaper fuel and home-buying help are among the sugar hits on offer at this year’s election. Labor has promised to reduce the lowest tax rate from 16% to 14% over two years while the Coalition is offering a 25c deduction of fuel tax for a year. Anthony Albanese and Peter Dutton announced competing housing policies that share the same goal – to help first home buyers to get a foot on the property ladder – even if economists agree they would increase house prices.

And while the 2025 campaign kicked off with some big announcements on Medicare – that were quickly matched – both major parties have worked hard to keep the focus on cost-of-living issues, leaving some big policy areas such as energy, education and welfare barely rating a mention. So what are Labor, the Coalition and the Greens promising? Here’s what you need to know.

Energy, climate and environment Labor Coalition Greens Net zero emissions target by 2035 or sooner. Stop all new coal and gas projects. A nationwide ban on native forest logging, which is a key demand for their support of Labor’s environment protection laws.

Remove fossil fuel subsidies and increase investment in renewable energy. Housing 3:14 Labor and Liberal duelling housing policies, and a diss track – TLDR: Election 2025 – video Labor Allocate $10bn to help build 100,000 properties reserved for first home buyers. Open up to all first home buyers the first home guarantee scheme allowing people to secure a home with only a 5% deposit and avoid mortgage insurance.

Continue the $10bn Housing Australia Future Fund to help build 30,000 affordable homes within five years, with two-thirds of new developments designated for social housing. Construct 1.2m homes by 2030 via deal with states and $90m allocated to train more builders. Help to Buy scheme allows the government to loan 30% of the purchase price, or 40% on new builds, for those who earn less than $90,000, provided money is paid back upon sale.

Coalition Allow first-time buyers of newly built homes to claim mortgage payments as an income tax deduction for five years, up to the first $650,000 of a mortgage on a new-build. Opposed to Labor’s Housing Future Fund and will repeal the Help to Buy scheme. Let people access $50,000 of their superannuation to buy their first home, provided the money is returned when the home is sold to support retirement.

Changes to the national construction code would be blocked for a decade and $5bn will go towards infrastructure at new housing development sites, potentially creating up to 500,000 homes. Greens Wind back negative gearing and capital gains tax discounts for investors with more than one investment property. Impose a rent freeze and establish a national renters protection agency.

Create a government-owned developer to build and sell or rent affordable housing stock. Health Labor Coalition skip past newsletter promotion Sign up to Afternoon Update: Election 2025 Free daily newsletter Our Australian afternoon update breaks down the key election campaign stories of the day, telling you what’s happening and why it matters Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Newsletters may contain info about charities, online ads, and content funded by outside parties.

For more information see our Privacy Policy . We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply. after newsletter promotion Will match Labor’s $8.5bn program to improve bulk billing rates as well as its $573m women’s health policy.

Will open at least four new urgent care clinics but say they will announce more details on this policy during the election. $500m to double the amount of subsidised mental health sessions, extending a pandemic era policy. Provide an extra $400m for youth mental health services.

Will pay for these promises by cutting thousands of public service jobs. Greens Cover dental and mental health under Medicare. Ensure GP visits are free.

Build 1,000 new public healthcare clinics where you can see a GP, dentist, nurse or psychologist at no cost. Pay for this expansion of Medicare by taxing big corporations more. Tax Labor $1,000 tax deduction for workplace expenses on your annual return without having to produce receipts or paperwork.

Reduce the lowest tax rate from 16% to 15% from the middle of 2026, leaving taxpayers $268 better off, and then again to 14% from 2027, taking the benefit to $538. The policy will cost $17bn and has been passed by parliament but the Coalition has vowed to repeal it if they win. Coalition Low and middle-income earners will get a one-off tax refund of up to $1,200 to help with the cost of living, at a cost of $10bn.

Allow interest fees on mortgages to be offset against tax, for up to five years for the first $650,000 of a loan for first home buyers purchasing new builds. It would be available to single people earning up to $175,000 and joint applicants with a combined income of $250,000. Cut the tax on fuel by 25c a litre for one year.

Greens Introduce a 40% tax on excess profits for big corporations with over $100m in turnover. Introduce a 10% tax on the net wealth of Australia’s 150 billionaires. Education Labor Coalition Wants universities to focus on core academic instruction and research “rather than political agendas”, including an Australian Universities Performance Index.

Implement an antisemitism taskforce led by the Australian federal police and a national higher education code to prevent and respond to antisemitism. Reinstate the 50% pass rule for student loan eligibility, which was scrapped by Labor. Implement a “tougher international student cap” than what was proposed by Labor.

Reverse changes to the Australian Research Council’s grants processes. Greens