Albanese Marks Labor’s Election Anniversary Amid Cost-of-Living Backlash

On May 2, 2026, Prime Minister Albanese posted a video reflecting on the May 3, 2025 federal election victory that gave Labor 94 House seats, its first consecutive win in over 20 years.

Critics highlighted rising inflation at 4.6%, unemployment at 4.3%, tight rental vacancies at 1.0%, and federal debt nearing $1 trillion, while government allies pointed to delivered tax cuts, energy rebates, and upcoming budget measures like revisiting negative gearing for housing.

Polls show Labor leading with 54-46 two-party preferred over the Coalition and Albanese ahead as preferred PM, even as online reactions remain deeply divided.

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