Australians will vote on May 3 in a snap election called by Prime Minister Anthony Albanese, whose Labor Party seeks a second term. The election is expected to focus on cost of living and housing shortages, with Albanese and opposition leader Peter Dutton as the main candidates. Both parties aim for a coalition to secure a majority, and issues like economic management and climate goals are central to their campaigns. The outcome may lead to a minority government, with independent lawmakers playing a crucial role.