Election07: The Result

Well, it’s all over.

The final polls were pretty close, with the final two party preferred result favouring the ALP 53 to 47. The ALP has won at least 83 seats so far, and is likely to pick up another four.

Kevin Rudd will be the next Prime Minister, with the cabinet to be announced later this week.

Ex-PM Howard looks to be defeated in his seat of Bennelong. If not, he’ll surely resign. Peter Costello has announced his retirement as of the next election, and will be on the back bench. Mark Vaile, Ex-Deputy PM, has also announced he will not seek the leadership of The Nationals. The Liberal leadership is open, and will be decided in the next couple of weeks.