Labor Party

Both the Labor Party and the Liberal-National coalition accept there is a crisis, but blame each other for it.

With less than a month until the federal election, housing remains among the top issues for voters, and the country's two major parties – the Labor Party and the Liberal-National Coalition - have both pledged to tackle the crisis in a range of ways.

Opinion polls have predicted a slim margin between Albanese's Labor Party and Dutton's Liberal Party, and the possibility that either will need to form the next government with independent MPs or minor parties.

"Global conditions are real," Albanese, who leads the Labor Party, said as he officially announced a 3 May election.

Australia has two major parties: the left-leaning Australian Labor Party and the conservative Liberal-National coalition.