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Investing.com -- The incumbent Australian Labor Party (ALP), led by Anthony Albanese, has achieved a resounding victory in the 2025 Federal Election, surpassing expectations and increasing their lead over the opposition Liberal and National Party Coalition. Anthony Albanese will continue his role as the 31st Prime Minister of Australia.
Before the election, the ALP held 77 seats, one more than the 76 required for a majority government. Current predictions indicate that the ALP will gain an additional 7 to 10 seats, pushing their total to at least 85. This significant increase in seats for a second term government is uncommon and suggests a high level of voter dissatisfaction with the Coalition opposition.
The national swing was estimated at +2.8% in favor of the ALP, resulting in a two-party preferred percentage of 54.82%. While 18 seats remain unallocated according to the Australian Electoral Commission (AEC), the ALP may still gain more seats.
The Coalition, on the other hand, experienced its lowest primary vote ever, reaching just above 31%. The ALP’s primary vote rose by 2.18 percentage points to 34.76%, and the Coalition lost at least 19 seats. The Greens also saw a decrease in their share of the primary vote, potentially leaving them with only one seat in the lower house, a drop from their previous four.
Meanwhile, independent candidates, who are generally economically conservative but socially progressive, saw an increase in their primary vote. These voting shifts indicate a shift among Australians towards the political center and away from populist parties and their extreme agendas.
Citi, a global bank, stated that the election results should have a limited impact on financial markets. However, the risk of higher near-term spending has been reduced, given that a minority government is no longer a possibility.
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