Thanks for following along with our live coverage of the 2025 federal election campaign.

It's already been a big start to the five weeks leading up to election day on May 3.

We'll be back bright and early tomorrow to keep you in the loop with all of the updates from the campaign trail.

Until then, you can stay up to date with more of our coverage on the ABC news website and mobile app.

Until then, have a fantastic evening!

Senator Paterson has delivered quite a pointed response on 7.30 when asked about comparisons that have been made between Opposition Leader Peter Dutton and US President Donald Trump.

"It's a desperate smear campaign from a desperate prime minister," James Paterson said.

"[Anthony Albanese] doesn't have a good agenda to sell for the Australian people, he certainly doesn't have a good record to talk about over the last three years because Australians' living standards have been smashed on his watch.

"All he has is personal attacks and smears on Peter Dutton as the alternative prime minister. 

"Peter Dutton is a very different person and a very different political person than Donald Trump. 

"He is a traditional centre-right conservative, he's been in public life for 25 years and he's a strong leader who will stand up for Australia.

"He'll stand up for Australia to whoever he needs to stand up to — including our American friends — and Australians can have confidence that he will robustly defend our national interest against anyone who seeks to intervene in our country."

We're now hearing from Coalition senator for Victoria James Paterson on 7.30.

He's been asked by Sarah Ferguson whether Peter Dutton and his team has decided to "give up" on winning seats previously won by teal candidates and instead focus on outer-suburban Melbourne and Sydney electorates.

This is how Paterson answered:

"Not at all. The Liberal Party is at its best when it aspires to represent all Australians, and the Liberal Party under Peter Dutton aspires to represent all Australians.

"We will be fighting just as hard for Kooyong, in inner-city Melbourne, as we are for Hawke, in outer-suburban Melbourne.

"We believe we can win both because Australians, regardless of whether they live in inner-city or outer suburbs, have suffered over the last three years of Labor governments. 

"The prime minister, when he was opposition leader, promised when Australians voted for a Labor government that they like to get better and things will get cheaper. 

"He even promised cheaper mortgages, but is there an Australian today who can say they are better off today than they were three years ago?"

Deputy Labor leader Richard Marles has now criticised the Coalition's gas market policy on 7.30. 

"I think people will understand the hypocrisy of a party which has done everything in the last three years to oppose the measures that Labor have put in place, which has already delivered six times the amount of gas to the east coast gas market as what the Liberals were promising to produce last night. 

"I mean, this is not a policy which is going to make the difference that we've already made, and the Liberals spent this term opposing it. 

"I mean, they are shameless in what they are doing. It is a break glass policy, because they do not want to talk about their nuclear power policy, which will cost $600 billion of taxpayers' money and will result in a wholesale cut to front-line services and Australians can see that."

Deputy Prime Minister Richard Marles is now speaking with the ABC's 7.30 host Sarah Ferguson.

He's been asked how vulnerable the ALP is in the state of Victoria, where many analysts are saying the federal election race will be won or lost by the major parties.

This is what Marles had to say:

"We see that there will be challenges across the country, and we'll meet those challenges wherever they occur — including Victoria.

"We'll make the case that I've just made, and cost of living is an issue in Victoria as it is elsewhere, and our record in terms of dealing with the issue of cost of living and what we seek to do going forward, we're confident that message will resonate as much in Victoria as it will in any other part of the country.

"That's what we will continue to to talk about. 

"Equally, I don't think Victorians are any fans of Peter Dutton. 

"When Victorians look at Peter Dutton, they look at a leader who has promised nothing other than cuts, and in the face of the challenges that people have had, a wholesale cut to front line services such as Medicare is not going to win any support or approval in Victoria."

Antony Green is now explaining on 7.30 what he believes Australia is seeing in politics, leading into this year's federal election.

"We're seeing a decline in the support for the major parties. At the last federal election, the Coalition got about 36% of the vote," he says.

"The Labor Party got around 32% and everybody else added together came to about 31%.

"Since 2007 when Kevin Rudd won, the vote for minor parties and others and independents has more than doubled, but the number of seats where an independent or a minor party finishes in a contest against the major party — so it's not a two-party contest — the number of those seats has gone from three to 27, and of those 27 seats at the last election, 16 got elected. 

"The major party vote is falling over time, so this concentration on two party preferred, sure you can come up with a two party preferred vote, but it doesn't translate into seats if there's so many votes for others. 

"The preferential voting system people think always comes down to Labor versus the Coalition. It doesn't, and the last several elections where the number of non-major party contests is growing shows that. 

"Now, perhaps that trend might reverse at this election, but realistically, the vote for the major parties has been going down for a number for many years, and all the opinion polls seem to indicate it hasn't changed much since last time."

Here's the ABC's Chief Elections Analyst Antony Green on 7.30, giving the current state of play:

Labor goes into the election with 78 seats,  the Coalition, 57 — there's one or two members left, but 57 is their starting point, and there's 15 on the crossbench.

The swings that are needed: The Labor Party, a swing of about 1% would probably deprive it of its majority.  A swing of about 3.5%  might allow the Coalition to end up with more seats than Labor, but the swing for the Coalition to reach maturity government is beyond 5%

It's quite a substantial effort for them to get into government. All those numbers, though, rely on the fact there's no change on the crossbench.

What happens, if Labor picks up some of the Green seats, if the Liberal Party pick up some of the Teal independent seats, or if the independents win more seats than they currently have? They all alter the composition.

The current crossbench is the largest crossbench we've seen in decades in Australian politics. 

The other thing that's significant is that where we've had four of the last five elections have been very narrow, the last election produced an opposition with about 10 fewer seats than those earlier examples. 

And that's why the Coalition have a big task to get into government — they have to overcome all the seats lost to the crossbench last time.

If you're looking for a short recap of everything that happened today after Prime Minister Anthony Albanese formally called the election — we have you covered.

Here are all of the notable moments from the PM stepping foot in Government House, to the press conferences and the colour from Canberra.

Here's another voter speaking to Juanita Soper: 

Heidi Piccolo from Boogan in the federal seat of Kennedy says whether it's a halving of the fuel excise or tax cuts, the most important thing for the next government is to provide cost-of-living relief.

"It doesn't really matter; one is going to save us money now and the other from next year onwards," she said.

"But a tax cut now would be great."

In addition to putting more money back into the pockets of everyday Australians, Ms Piccolo also hopes both major parties have policies to help address the rising rates of homelessness across the country.