Here’s how a Labor Government is likely to impact your hip pocket.
Under this policy, people earning between $45,000 and $200,000 will get taxed 30 cents to the dollar instead of 32.5 cents.
There will be minimal changes to superannuation under Labor.
The superannuation guarantee will still be raised to 12 per cent of wages by 2025, as is currently legislated.
Housing is one area Labor’s policies differed from the Coalition’s.
The party has a plan to help more people into the housing market by contributing to a portion of the home.
It will chip in 40 per cent to the cost of a new home, and 30 per cent for an existing home.
To qualify, individuals will have to earn less than $90,000 a year, and couples a combined $120,000 a year.
Labor also backed the expansion of the Coalition's deposit-guarantee schemes.
Under these schemes, those eligible can get a home with a 5 per cent, or even a 2 per cent, deposit, and avoid paying lenders mortgage insurance (LMI).
A new regional housing scheme will also be rolled out for first home buyers or people who haven't owned property in the past five years.
The new Government will also boost the supply of social and affordable housing by creating a $10 billion Housing Australia Future Fund.
The returns from the investment would be used to create 30,000 new social and affordable homes in five years.
Labor plans to lift the childcare subsidy cap to 90 per cent for families for the first child in care.
The party also promised to increase childcare subsidy rates for every family with one child in care, unless they earn over $530,000 in household income.
Come September, that means motorists will be charged 44 cents a litre rather than 22 cents a litre.
Both parties wanted to reinstate the halved tax excise in September.