The 1987 Australian federal election was held in Australia on 11 July 1987, following the granting of a double dissolution on 5 June by the Governor-General Sir Ninian Stephen. Consequently, all 148 seats in the House of Representatives as well as all 76 seats in the Senate were up for election. The incumbent Australian Labor Party, led by Prime Minister Bob Hawke, defeated the opposition Liberal Party of Australia, led by John Howard and the National Party of Australia led by Ian Sinclair. This was the first, and to date only, time the Labor Party won a third consecutive election.

A double dissolution is a procedure permitted under the Australian Constitution to resolve deadlocks in the bicameral Parliament of Australia between the House of Representatives and the Senate. A double dissolution is the only circumstance in which the entire Senate can be dissolved.