The Liberal Party’s best remaining chance to gain a seat is in doubt, with just 306 votes separating the party’s star candidate, Andrew Constance, and Labor’s Fiona Phillips in the race for Gilmore on NSW’s South Coast.
Mr Constance is leading Ms Phillips 51,091 votes to 50,785, with postal votes still being counted.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com