Betting markets, which had tagged Labour as a certain winner before election day, have swung violently to back the coalition to form a government.
“I thought I was coming to a wake, to be quite honest with you,” Liberal supporter Greg Napper told Reuters at Sydney’s Wentworth Hotel, where the government holds its official election night function. “This is a party – the results are encouraging.”
“I think people have become afraid after a very negative campaign,” Labour supporter Julie Nelson told Reuters at the party’s Melbourne election night function. “They managed to convince people they should be afraid of change.” Both major parties suffered a fall in their primary vote, according to AEC data, which was caused in part by a high-profile campaign by Clive Palmer’s populist United Australia Party.
Although Dutton has retained his Queensland seat, former conservative prime minister Tony Abbott conceded that he had lost his Sydney beaches seat of Warringah to high-profile independent Zali Steggall.
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