Federal Election 2022:

The Labor party is officially launching its Federal Election campaign in Perth, with a pledge to slash the cost of a home for tens of thousands of Australians central.

Leader Anthony Albanese recovered from COVID-19 and left isolation in time for the launch, which he will use to outline his vision of Australia for which he hopes to become prime minister after the May 21 election.

Kevin Rudd and Paul Keating, men Mr Albanese hopes to join as a Labor Prime Minister, were also in attendance. Julia Gillard was unable to make it across from London because of other commitments.

Kevin Rudd and Paul Keating where among those to attend.
Kevin Rudd and Paul Keating were among those to attend. (Nine)

But it was WA Premier Mark McGowan who got the huge reception when he took to his seat. WA is a key battleground for Labor, with three seats in their sights.

Zaneta Mascarenhas, Labor candidate for Swan, introduced the campaign launch.

«I am running because I want to stand up for my community in the Parliament, she said.

«I think that we want more. It’s time for change.»

Under the policy, a Labor government would pay for up to 40 per cent on a new home and 30 per cent on an existing home for couples earning up to $120,000 and singles earning up to $90,000.

The policy, called Help to Buy, will be available for up to 10,000 households a year.

The Reserve Bank is expected to increase interest rates for the first time in more than a decade on Tuesday, further raising pressures on homeowners which have seen the cost of basic items soar in recent years.

Under a Labor plan, the federal government would take a major stake in private housing to make property more affordable. (AAP)

Other Labor policy announcements are also expected to be made including more detail on the price of medicines under the Pharmaceutical Benefits Scheme.

Meanwhile, Prime Minister Scott Morrison will today announced a technology policy aimed at increasing parenting controls on devices to keep children safer online.

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