Anthony Albanese has been re-elected as Australian prime minister, in a landslide victory for the centre-left Labor party
Peter Dutton, leader of the Liberal-National Coalition, has conceded defeat after also losing his own seat of Dickson
Albanese says Labor will not take Australians' trust "for granted", while Dutton says "we didn't do well enough"
The gamechanger was Donald Trump, and Albanese was able to convince voters he was a safer pair of hands in an uncertain world, writes the BBC's Australia correspondent
Labor is on track to increase its majority, holding 85 seats in the House of Representatives, while the Coalition has 41 seats, with 63% of votes counted so far - here's how the latest results are looking
Key issues in the campaign included the cost of living, struggling public healthcare, unaffordable housing and concerns about an unpredictable Trump presidency
Three things to know about the Australian election result
Prime minister Anthony Albanese and opposition leader Peter Dutton thanked each other on Saturday night for a "hard-fought campaign".
Both leaders were gracious in their speeches and congratulated each other on their achievements this election campaign.
Here's more of what they had to say.
Dutton and Albanese thank each other after 'hard fought campaign'
Image source, Getty ImagesLiberal party MP Keith Wolahan has appeared on ABC's Insiders program and called for a "serious review" of the party's bruising defeat.
"You have to acknowledge things went wrong," he said.
"We have to listen to Australians. They have sent us a message. And our first task is to hear it. And that often takes time."
When asked if Peter Dutton himself was the problem, Wolahan declined to answer directly but said he has great respect for the Liberal leader.
Wolahan represents the seat of Menzies in Victoria and says it's very likely he will lose his seat.
Cheers and some jeers towards the opposition were heard at Labor HQ as they watched the election results roll in last night.
Newly re-elected Prime Minister Anthony Albanese stopped crowds from taunting the Coalition with a raised index figure.
"No. What we do in Australia is we treat people with respect," he told the celebrating crowd.
The mood was more sombre in Brisbane as Peter Dutton conceded defeat, saying "I accept full responsibility" for the loss.
Image source, Getty ImagesOpposition leader Peter Dutton hugged his son after admitting defeat at his election watch party in Brisbane. After 24 years as an MP, he welcomed his replacement for the seat of Dickson, Ali France, saying "she will do a good job as a local member."
Image source, Getty ImagesAlbanese celebrated his win by holding his Medicare card to the crowd - the card was a mainstay of his campaign, signalling his promise to boost Australia's fraught healthcare system.
Image source, Getty ImagesOne keen Albanese supporter erupted in an elated cheer at the prime minister’s re-election at his watch party in Melbourne.
Image source, Getty ImagesBut it was tears for another woman in Coalition leader Peter Dutton’s camp.
Katy Watson
Australia correspondent
Image source, Getty ImagesLast night's election win is a big one for the prime minister, who made a surprising comeback to secure a comfortable majority for a second term. But it's an even bigger loss for Peter Dutton and his Liberal National Coalition.
Dutton initially seemed to have an advantage over the incumbent PM, who was battling a cost-of-living crisis and dismal ratings.
But that advantage vanished as the campaign wore on, ending in a humiliating defeat for the opposition leader.
An awkward and inconsistent campaign that did not do enough to reassure voters was partly to blame - but there is no mistaking the big part played by what some have called the "Trump effect".
Dutton, whether he liked it or not, was a man who many saw as Australia's Trump. As it turns out, Australians do not appear to want that.
World leaders have sent their congratulations to prime minister Anthony Albanese after his emphatic electoral win over Peter Dutton.
UK prime minister Sir Keir Starmer praised the success of Australia and the UK’s “long-distance friendship” and highlighted the continued growth of the Aukus partnership.
US Secretary of State Marco Rubio said Australia is a “valued US friend and close partner”, and that he looked forward to working with Albanese to promote freedom and security.
Ukrainian leader Volodymyr Zelenskyy thanked Australia for its “unwavering support”, saying he looked forward to “further strengthening our productive partnership”.
Newly elected Canadian prime minister Mark Carney said Australia and Canada are the “most reliable of friends” and that he valued the opportunity to build on that relationship.
Welcome back to our live coverage of the Australian election. If you’re just joining us, here’s a recap of what went down.
In a stunning turnaround, Australian Prime Minister Anthony Albanese has held onto his leadership - and done so with an unexpected majority - giving his centre-left Labor Party another three years in power.
His rival Peter Dutton, leader of the right-wing Liberal National Coalition, not only lost out on the top spot, but lost his seat in parliament too. With hard-line conservative policies that saw him compared to US President Donald Trump, the “Trump-effect” appears to have turned many Australians off his campaign.
Votes are still being counted - and will be for a few days now - but Albanese’s majority is clear.
Stay with us as we bring you updates in the wake of this landmark election result.
Seher Asaf
Live reporter
Image source, EPAPrime Minister Anthony Albanese celebrated his election win with his son and partner
Australia's Prime Minister Anthony Albanese has secured a stunning election win against Peter Dutton, the leader of the Liberal-National Coalition.
Albanese has won re-election with a clear majority, having secured 85 seats in the House of Representatives, while the Liberal-National Coalition has 41, according to ABC's live result tracker - with 65% votes counted.
In his victory speech, Albanese declared "Australians have chosen optimism and determination" in a time of global uncertainty.
For the opposition leader, the night went from bad to worse after Dutton lost his own seat of Dickson. He admitted to not doing well enough during the campaign, saying he takes "full responsibility" for the loss.
It was an election cycle that was overshadowed by the incumbent at the White House - US President Donald Trump - as well as pressing domestic issues including the cost-of-living crisis, public healthcare and unaffordable housing.
We are ending our live coverage of the Australian election, but you can stay across the latest updates and analysis on BBC News:
Image source, ReutersAustralian Prime Minister Anthony Albanese looks set to increase his majority after his landslide election win
With 63% of votes counted, let's take a look at the current picture in the House of Representatives, according to ABC's live election tracker:
Kelly Ng
Reporting from Brisbane
What a day it's been for the Coalition and its supporters.
The outcome of this election is absolutely not what they had hoped for - the dismay and despondency were palpable at their watch party in Brisbane as the night went on.
Dutton's supporters, many of them decked out in blue, watched with high spirits initially, but that didn't last long.
Soon, I heard many swearing and sighing as early counts showed many seats that the Coalition was eyeing, went to Labor.
The room cleared out fairly swiftly, less than an hour after the opposition gave his concession speech.
Dutton congratulates his political opponents
For a hundred years, Australians have always re-elected first-term prime ministers. But a month ago, it looked like Albanese could lose this one. So, how did he turn it around?
For a start, his campaign was solid. But, the gamechanger was Donald Trump convincing people he was the safe pair of hands in an uncertain world
Did Trump hurt the Conservative leader? Trump was a massive part of that. Dutton's attempts to borrow from the Trump play book didn't play well with Australian voters.
The new government has its work cut out. It's got to deal with domestic issues, like the cost-of-living crisis and housing, and also has to tackle global issues such as, Trump, China, tariffs, global trade wars.
You can read more: A 'Trump effect' thwarted Peter Dutton
Image source, EPA"I think it was exceptionally gracious, Peter Dutton's speech," treasurer Jim Chalmers says on ABC, adding that his speech was "especially classy" and "must absolutely sting".
"And I think it says something very good about our country that two guys who have been going at it for three years can set an example like they set tonight."
Chalmers says the Albanese government would focus on policies around housing, energy transformation and tax cuts. The Labor government's ambitions will depend a lot on how things play out in the Senate, he adds.
Kelly Ng
Reporting from Brisbane
Image source, BBC/Kelly NgJitendra Prasad, 62, is about to leave the Coalition watch party after a disappointing outcome.
"We lost, so we go," says the Brisbane resident.
"I personally feel like we should have had a change of government, but well, this is democracy."
"[In] many countries [people] don't have the right to vote, and this is what it is all about. We've got to accept the result and move on."
Prasad attributes LNP's loss to a poorly executed campaign. "Our message was confusing... Labor had a tight and very disciplined campaign."
Simon Atkinson
Reporting from the Labor watch party in Sydney
After a quick tour of the room and shaking hands with party supporters, Anthony Albanese brushes off attempts at an interview and leaves to huge applause.
The tables are piled high with empty Albo beer cans and, although the crowd is definitely thinning out, you get the sense that for some it’s going to be a long night of partying.
Albanese greets supporters after election statement
Kelly Ng
Reporting from Brisbane
Ex-Liberal PM Tony Abbott has congratulated Albanese
Former Liberal PM Tony Abbott returns to a significantly emptier room, and tells journalists that Dutton "gave his all" and "is entitled to be extremely proud of his public service to our nation".
He congratulates Albanese, but says he is worried that the re-elected Labor government will "double down" on issues the LNP find concerning.
"I very much fear... that the economic stagnation gets accelerated and the social division will get worse."
If the Coalition can "create a clear contest and a strong contrast" over the next term, it can "certainly be competitive and give Australia the best possible alternative", Abbott says.
He declined to answer further questions from journalists.
Anthony Albanese spoke about today's election results in a statement a short while ago.
"Australian people have voted for Australian values," he said. "For fairness, aspiration, and opportunity for all".
"In this time of global uncertainty, Australians have chosen optimism and determination," he added.
'Strength and kindness': Albanese says people voted for Australian values
This is what the House of Representatives looks like as of 22:44 local time (13:44 BST), according to ABC's projections.
As we've reported, opposition leader Dutton has conceded defeat.
Here's the moment it happened:
'I accept full responsibility' for loss, says Dutton
Katy Watson
Reporting from Sydney
As Albanese gave his speech, there was constant cheering in the room as he spoke, with lots of people in "Team Albo" T-shirts chanting and clapping.
But outside the venue, there’s a small Palestinian protest, and security is tight.
With "optimism and determination" and "faith in each other, we return to the work of building Australia's future," Albanese says. "Thank you all."
He raises his hands and waves before walking off the stage.
"My fellow Australians," Albanese begins.
"Serving as your prime minister is the greatest honour of my life."
Watch below to see how the crowd reacts to Albanese's victory speech:
Serving as PM 'the greatest honour of my life', says Albanese