Tax cuts, fewer immigrants, a new coal power station, and no changes to negative gearing - all these will now be a reality.
Scott Morrison announced a slew of promises his government hoped to enact if it was given an extra three years, which no one thought would happen.
Instead, all eyes were on Labor's transformative policy agenda of scrapping negative gearing, aggressively fighting climate change, and cutting tax loopholes.
The Coalition's miracle victory despite polling predicting Bill Shorten would be swept into The Lodge means they are now actually set to become law.
Scott Morrison announced a slew of promises his government hoped to enact if it was given an extra three years, which no one thought would happen
All eyes were on Labor's transformative policy agenda of scrapping negative gearing, aggressively fighting climate change, and cutting tax loopholes. But Bill Shorten's party lost and he resigned as leader, his policies never to become reality
Mr Morrison dedicated his victory to 'the quiet Australians' who didn't care for Mr Shorten's attacks on the wealthy and didn't want their bills to rise because of a focus on renewable energy.
His victory speech gave clues as to who he thought his supporters were and the issues his government was likely to focus on.
'It has been those Australians who have worked hard every day, they have their dreams, they have their aspirations, to get a job, to get an apprenticeship, to start a business, to meet someone amazing,' he said .
'To start a family, to buy a home, to work hard and provide the best you can for your kids. To save your retirement.
'And to ensure that when you're in your retirement, that you can enjoy it because you've worked hard for it.'
Immigration
Scott Morrison's government would put a 18,750 cap on the number of humanitarian visas Australia would issue in a year, with 60 per cent of them to be for females
Scott Morrison's government will put a 18,750 cap on the number of humanitarian visas Australia would issue in a year, with 60 per cent of them to be for females.
It would boost the percentage of refugees resettled in regional areas from 30 to 40 per cent to ease pressure on crowded cities.
These refugees would need to live in regional areas for at least three years to qualify for permanent residency.
Overall permanent immigration would be capped at 160,000, down from the present net level of 190,000, 110,000 of which would be skilled migrants plus 47,000 family places.
Australia's actual intake has only exceeded the Coalition's cap twice since the early 1980s, accepting 19,998 in 2012-13 and 21,968 in 2016-17.
Housing
A re-elected Coalition government would set up a $500 million First Home Loan Deposit Scheme.
Taxpayers would stump up the cost of a home loan deposit with property first-timers only needing to put in five per cent to get a mortgage instead of the usual 20 per cent.
It would be available for single people earning less than $125,000 and couples earning a combined salary of less than $200,000.
Labor promised to restrict negative gearing to new homes and halve the capital gains tax discount from 50 per cent to 25 per cent.
The existing policy gives housing investors a tax break if they make short-term losses on real estate investments.
This provides an incentive for property buyers who can sustain short-term losses for long-term profits.
The idea is to make housing more affordable for first-time buyers and those who can't afford to own homes after the property boom that lasted until 2017.
The Coalition opposed any changes to negative gearing, in opposition to Labor's plan to restrict negative gearing to new homes from January 2020 and halve the capital gains tax discount from 50 per cent from 25 per cent.
The Opposition claimed the policy would save the budget $32.5 billion over the next decade and make buying a house more affordable by stopping investors from competing with first-home buyers.
Scrapping negative gearing and halving the capital gains tax discount is criticised on the grounds it will cause investors to pull out.
Some property experts argue buyers would be scared off by negative gearing changes as they wouldn't be able to write off their losses on tax.
With more than a third of houses owned by investors, this could slash the number of buyers and lead to big price falls.
As negative gearing now off the table, investors could flock to the market with renewed confidence, or there could be no effect at all.
Power prices
Mr Morrison pledged to cut power bills by 25 per cent by setting energy companies a 'price target' it claims will save families up to $185 a year.
The case for a new coal power station in Queensland will be examined and $1.38 billion will be spent building the Snowy 2.0 hydro power scheme.
Labor was
