The conservative coalition led by Prime Minister Scott Morrison is all set to secure a majority in Friday’s Australian elections.
The coalition will form a majority government as it is leading on 77 seats. Only 76 seats are needed to form the government.
The Morrison-led coalition has defied polls and is leading with 77 seats, the Australian Electoral Commission says.
In his victory speech on Saturday night, Morrison said that he had always believed in miracles. Exit polls had predicted a Labor Party win for the first time in six years.
Labor leader Bill Shorten resigned in the wake of his party’s surprise defeat, telling members: “It is obvious that Labor will not be able to form the next government.”
He will not seek re-election as party leader.
It may take few hours more for the final result, but with more than 76% of votes counted the Liberal-National Coalition has won or is predicted to win 77 seats, with Labor trailing on 68 seats.
Australia has mandatory voting and a record 16.4 million voters enrolled for the election, which returns a new House of Representatives and just over half of the seats in the Senate.
In his victory speech on Saturday night, Mr Morrison paid tribute to “the quiet Australians” who voted for the coalition.
“It’s 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 for your retirement. These are the quiet Australians who have won a great victory tonight!”