Key insights
- The far-right One Nation party secured its first seat in Australia's lower house, signaling a shift in the political landscape. This victory highlights challenges for the center-right coalition and could influence future government policy, particularly regarding environmental issues and immigration. The upcoming Federal Budget may reflect these political shifts.

Investing.com -- Australia’s political landscape underwent a significant shift on Saturday as the far-right One Nation party secured its first-ever elected seat in the lower house.
According to a report from Bloomberg, candidate David Farley claimed a decisive victory in the Farrer by-election, capturing nearly 60% of the vote.
The result marks a historic milestone for the party and underscores a deepening crisis for the traditional center-right Liberal-National coalition, which had long controlled the rural electorate.
The by-election was triggered by the departure of former Liberal Party leader Sussan Ley, but the expected transition to another coalition representative failed to materialize.
In his victory speech, Farley focused on nationalist themes and environmental policy, vowing to target “damn net-zero programs” and criticizing immigration levels.
Senator Pauline Hanson, the founder of One Nation, framed the win as a turning point for the country’s political direction. “You are not going to be the forgotten people any more,” Hanson told supporters. “We want our country back and that’s what One Nation is about.”
The collapse of support for the center-right coalition mirrors trends seen in the last two federal elections, where urban voters shifted toward climate-focused independents while rural voters moved toward more conservative movements.
Treasurer Jim Chalmers described the result as a “bloodbath for the Coalition” during an interview on Sunday. Chalmers noted that the outcome suggests it will be “almost impossible for the Liberals and Nationals to govern in the future without One Nation.”
The loss highlights the increasing difficulty the opposition faces in building a cohesive national platform to challenge the current center-left government.
The political upheaval comes just days before the government is set to hand down the 2026-27 Federal Budget on May 12.
Chalmers indicated that the upcoming budget will include policies aimed at addressing voter dissatisfaction with the current economic status quo, specifically targeting the housing market and tax system.
With national debt approaching A$1 trillion and inflation driven by global energy shocks, the government is under pressure to provide relief to voters who are increasingly turning toward alternative political parties to voice their economic frustrations.