Live 2022 federal election updates, results as Anthony Albanese defeats Scott Morrison to become prime minister

Delivering a speech just before midnight in Sydney's inner west Labor headquarters, Mr Albanese said he wanted "to bring Australians together".

"I have shared the two principles that will [inform] a government that I lead - no one left behind because we should always look after the disadvantaged and the vulnerable," he said.

"But also no one held back, because we should always support aspiration and opportunity. That is what my government will do.

"I want to find that common ground where together we can plant our dreams. To unite around our shared love of this country, our shared faith in Australia's future, our shared values of fairness and opportunity and hard work, and kindness to those in need."

Labor is set to form government after gaining seats across the nation amid massive swings away from the Coalition. Whether it does so in majority, or in minority with crossbenchers, remains uncertain.

Independent candidates won a swathe of formerly safe inner-city seats from the Liberals as Prime Minister Scott Morrison's campaign focus on the outer suburbs and regions backfired.

So-called "teal" challengers won North Sydney and Mackellar in NSW, and Goldstein in Victoria, while Josh Frydenberg - once a presumptive future Liberal leader - also lost his seat of Kooyong.

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