It has been a groggy start for many Liberals this morning, as they contemplate the train wreck from last night.

MPs I have talked and texted with this morning seem to think that shadow treasurer Angus Taylor will emerge as the clear frontrunner to take over the leadership now that Peter Dutton has lost the election as well as his seat.

But they have concerns that Taylor's stewardship of the Opposition’s economic messaging was poor, including during the campaign, coupled with his questionable performances in parliament.

'He's not great but might be all we have for now,' one Liberal MP said.

The feeling is that deputy leader Sussan Ley might be 'too risky and too loose' to take over.

Ley is also 63 years of age, older than the PM.

'But as a woman perhaps that will help us at this time,' the Liberal MP said.

Ley might be worth considering as a stop gap contender, but it's hard to think she wouldn't risk being undermined from day one.

At any rate, as part of Dutton's leadership team she was part of the failure that played out last night. That has to count against her.

Other options who would involve renewal include defence spokesman and WA MP Andrew Hastie or Victorian MP Dan Tehan, but if they are to emerge as serious contenders 'it will only become clear in the days to come, not this weekend', the Liberal source argued.

Hastie is certainly a long-term option seen as capable of winning, but is he ready right now?

Tehan might be too folksy to be taken seriously. One name I would like to throw in the mix is Sydney MP for Berowra Julian Leeser.

A moderate who resigned from Peter Dutton’s frontbench over the Voice, he might serve as a clear sign of a clean out and new direction for the party, which voters seem to want.

But who are the moderate Liberals left in the parliament to get behind him?

Most have lost their seats, both at this election and the last against Teals. It is slim pickings for the Liberals when considering new leaders.

Dutton has largely been a one-man band for the last three years. The dominant figure to be sure.

The lesser names now left don’t jump out at you as natural successors.

Which is perhaps why Taylor is the favourite, simply because he’s the most obvious contender.

But how long will Taylor last if he doesn’t shine quickly after taking over? Liberals have a habit of blowing themselves apart in opposition, especially when times are tough….and these are certainly the toughest of times.

Treasurer Jim Chalmers couldn't wipe the grin off his face on Insiders this morning.

After a couple of hours sleep, he was back on the ABC to dissect Labor’s thumping victory.

The Treasurer insisted he was keen 'not do dance on the political graves of our opponents'.

But then he stuck the knife in.

'There was a real kind of darkness at the heart of the Coalition's campaign, this kind of backwards looking pessimism, which Australians rejected,' he said.

'And in rejecting that I think they embraced the kind of leadership which Anthony Albanese provides which is practical, pragmatic, it is problem solving and it's very forward-looking.'

Chalmers said he had already had a briefing from the Treasury today at 6.45am.

Nationals Leader David Littleproud has hinted that the Coalition may be open to dumping its controversial nuclear policy.

He said that the party would 'sit down obviously after this and work through the policy positions and make sure they’re fit for purpose and fit for the future'.

The junior Coalition partner was scathing of the WFH policy, which Peter Dutton backflipped on when it proved deeply unpopular with voters.

Littleproud admitted it 'wasn’t handled well'.

Nationals leader David Littleproud came out swinging on Channel Nine's morning program Today, claiming Labor won the election by 'destroying' Peter Dutton's character.

'They ran a very smart campaign... and effectively, they won it by destroying Peter Dutton’s character that sadly and effectively made him unelectable, in his own electorate and across the country, and we paid the price,' he said.

He claimed Labor also attempted to link Donald Trump to Mr Dutton.

'It became a campaign between two leaders effectively, and that’s what here in Australia it’s become,' he said.

'I think Labor did an outstanding job of doing that, unfortunately for us. I just don’t think we had the ground campaign, and Labor were better at it.

'You got to look back and cop it on the chin.'

World leaders have shared their congratulations with Anthony Albanese after he was re-elected Prime Minister.

French President Emmanual Macron

'In the face of global challenges, Australia and France have so much to achieve together — especially in the Indo-Pacific.

'Let us continue to write, with ambition and friendship, the new chapter of our partnership.'

Ukrainian President Volodymyr Zelensky

'I wish you continued success in serving the people of Australia and delivering meaningful achievements.

'Ukraine sincerely values Australia’s unwavering support and its principled stance on ending Russia’s war and securing a dignified and lasting peace.'

US Secretary of State Marco Rubio

'Australia is a valued ally, partner, and friend of the United States.

'The United States looks forward to deepening its relationship with Australia to advance our common interests and promote freedom and stability in the Indo-Pacific and globally.'

Indonesian President Prabowo Subianto

'His renewed mandate reflects the trust and confidence of the Australian people in his vision for the country’s future.'

Indian Prime Minister Narendra Modi

'This emphatic mandate indicates the enduring faith of the Australian people in your leadership.'

It has been a frontbench bloodbath for the Coalition.

Apart from losing the election, delivering Labor a clear majority and Peter Dutton losing his seat, a stream of shadow ministers have also been defeated, alongside up and comers who had been viewed as the future of the party.

Not anymore, unless they make a comeback in three years time.

The shadow foreign minister David Coleman lost his seat of Banks.

New manager of opposition business and shadow housing spokesman Michael Sukkar lost his Melbourne seat of Deakin.

Frontbencher and salt of the earth Liberal MP for Petrie in Queensland Luke Howarth lost his seat.

Those are the fronthbenchers whose parliamentary careers are over, at least for now.

Added to that list are up and coming backbenchers Jamie Stevens in Sturt and Keith Wolahan in his Melbourne electorate of Menzies.

These are two of the last remaining Liberal MPs to hold inner city seats. Also two moderates their defeats have further gutted the moderate ranks of the Liberal Party after teals did the same three years ago.

Outspoken maverick backbencher Bridget Archer has also lost her Tasmania seat of Bass.

The Coalition only has 37 confirmed wins in the 150 seat House of Representatives.

More will join them when counting is completed amongst the 19 seats in doubt, but the Opposition’s best case scenario is a total somewhere in the mid 40s, more than a dozen fewer seats than it won at the disastrous 2022 election defeat.

Teals have unanimously been re-elected, with likely new additions to their ranks. The only sitting teal whose seat remains up in the air is that of Zoe Daniel in Goldstein, but late counting last night had her slightly extending her lead over Tim Wilson who was attempting a comeback.

The Greens are looking at wins and losses, but the biggest news is that its leader Adam Bandt looks like scrapping home after appearing in deep trouble last night during the count.

As a result his leadership might come under pressure.

The real game in the next parliament for the Greens will be in the senate, where it will continue to play a role controlling the balance of power. A leader based in the senate would make more sense for the minor party.

The race for the seat of Melbourne has changed, with incumbent Adam Bandt of the Greens seizing a narrow lead of 2,027 votes over Labor challenger Sarah Witty, with 60.1 per cent of the vote counted.

Despite a five per cent swing to Labor, the Greens leader moved slightly ahead on Sunday morning morning after trailing overnight, with Bandt sitting on 51.5 per cent the vote, compared to Witty’s 48.5 per cent.

Peter van Onselen's take

I can’t see Adam Bandt losing from here in his seat of Melbourne.

The Greens leader suffered a massive scare last night, leading to a bizarre rant when fronting the cameras.

He’s putting away and should continue to do so. Even if Labor mounts something of a comeback in pre-poll and postal votes, which I don’t expect because as the incumbency Bandt should have postals covered, his lead is becoming unassailable.

More concerning for the Greens leader might be his chances of surviving a challenge by colleagues in the election’s aftermath.

The minor party has lost lower house seats in Queensland, even if it’s in the hunt to win others.

The Greens primary vote is strong by historical standards and its senate results look solid and will give it a share of the balance of power there.

But in the new parliament a Greens leader in the senate where the big debates over negotiating the passing, blocking or amandine of Labor policies and legislation makes more sense.

Time will tell if Bandt's colleagues decide his leadership days need to be put behind him.

Monique Ryan has proved she is no 'one-hit wonder', with the teal independent vanquishing a second Liberal rival in succession.

With 56.1 per cent of the vote counted, the former paediatric neurologist held an estimated lead of about four per cent in the Melbourne seat of Kooyong over Liberal candidate Amelia Hamer.

Dr Ryan took a swipe at members of a secretive Christian sect known as the Plymouth Brethren Christian Church, campaigning for Ms Hamer.

'We're still waiting for some data to come in,' she told supporters at the Auburn Hotel late on Saturday night.

'But it seems pretty clear that despite the slings and arrows of outrageous fortune, this band of brothers has overcome the Brethren.'

While Ms Hamer is yet to concede, Dr Ryan concluded her speech with 'let's have a party' as Tina Turner's River Deep Mountain High blared through the venue.

Emotional Greens MP Max Chandler-Mather has conceded.

The housing spokesman reportedly told his supporters that he had set out to 'fundamentally transform Australian politics, economy and society in favour of ordinary working people'.

'That sort of project is going to have more setbacks than it has victories, because the forces that we are coming up against are enormously powerful,' he said.

'I believe we can get there. I believe we can win.

'It is going to take time.'

His 'one request' for his supporters was: 'Do not give up'.

The Nationals have again outperformed the Liberals, battening down the hatches in their seats as their coalition partner experienced an electoral storm.

The junior coalition party has retained almost all of its seats and took large chunks out of Labor's margin in the Northern Territory seat of Solomon and Victorian seat of Bendigo, but were ultimately unsuccessful in both.

The regional NSW seat of Calare has been called for independent Andrew Gee who quit the party and sat on the crossbench over its objection to the Voice referendum.

But Nationals Leader David Littleproud didn't rule the party out of the contest.

'We're not out of the Calare fight either. Our modelling is showing its 50-50, we're still waiting for those numbers to come in,' he said.

The coalition needed to win Calare to win government, Mr Littleproud had claimed ahead of a Liberal wipeout and Labor claiming majority government.

Nationals candidate Sam Farraway oversaw a near 20 per cent hit to the party's primary vote.

Independent Caz Heise has had a thin swing toward her in the NSW mid-north coast seat of Cowper, but Nationals MP Pat Conaghan kept his nose in front.

Ms Heise increased her primary vote by 5.5 per cent while Mr Conaghan's dropped by more than six, but the Nationals MP held the seat with just over 52 per cent after preference flows, with about 40 per cent of ballots counted.

'We knew it was going to be tight, no secret there, but he's done the work,' Nationals senator Bridget McKenzie told Nine on Saturday night.

Bendigo and Hunter were targets but have been called for Labor.

But results for the former wouldn't be known until Monday with more preference data yet to be crunched, Mr Littleproud said despite the call.

Labor increased its lead in the Hunter, where the Opposition had planned to put one of its nuclear power plants.

The Nationals nearly claimed Solomon with the associated Country Liberal Party picking up a seven per cent swing, but Labor's Luke Gosling just held on with 1.5 per cent.

Adam Bandt declared victory shortly before midnight on Sunday – even though the official count had him trailing Labor challenger Sarah Witty.

Despite a Greens wipeout, which will likely see his housing spokesman Max Chandler-Mather lose his inner Brisbane seat of Griffith, the Greens leader struck an upbeat tone in a midnight declaration.

'Today, millions of people have voted Greens with hope and ambition. We have secured the biggest national vote in our history,' he wrote on X at 11.36pm.

'And together we have kicked Dutton out.'

Bandt claimed that they would retain 'Melbourne', his own seat, before paying tribute to Chandler-Mather, claiming 'this is not the last we've seen of him'.

'He put the rental crisis firmly in the spotlight,' he wrote.

'He secured billions of dollars for social housing. He fed his local community with his own money.'