Coalition headed for outright electoral majority

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From The ABC:

The ABC election computer is predicting the Coalition has secured majority government with at least 77 seats, as the Liberals appear set to secure Bass, Chisholm, Boothby and Wentworth.

Labor held Bass and Chisholm, while Wentworth was in the hands of independent Kerryn Phelps prior to the election.

“As far as I’m concerned on the numbers to come Bass will be the 76th seat. Postals and absent votes favour the Coalition in Bass and they’re already ahead,” ABC chief elections analyst Antony Green said.

“At some time today Bass will tick over to become the 76th seat, delivering the Government majority.”

Green said he expected Chisholm would become the 77th seat, with Boothby and Wentworth already in the Liberal count.

Liberal candidate Dave Sharma had been locked in a nail-biting, too-close-to-call contest with incumbent independent MP Kerryn Phelps for the second time in just seven months.

But this time Mr Sharma looks to have prevailed in the seat once held by former prime minister Malcolm Turnbull, reclaiming the seat for the Liberals with a 16.6 per cent swing against Dr Phelps.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.