Talk about awkward timing. Anthony Albanese was in the middle of announcing his bid for the leadership when Bill and Chloe stole his thunder.
Welcome to news.com.au's live coverage of the election.
It's all about the fallout today. While the Coalition celebrates its stunning victory, Labor is considering who will replace Bill Shorten as leader.
We will bring you live updates throughout the day.
Sarah Hanson-Young has thanked her supporters in South Australia for returning her to the Senate.
The Greens representative said on Twitter she had been re-elected with a "doubled" vote.
"Lots of us are feeling despair with the overall election result," Hanson-Young wrote in a follow up tweet.
"I hope that our strong result in SA can offer some ray of hope. I pledged to stand up for the environment and the health of the planet, and to hold the bastards to account – and I will – with your help!"
Labor Party National President Wayne Swan has today released a statement, calling the Labor Party’s defeat “deeply disappointing".
But the former Treasurer has criticised the influence big spender Clive Palmer held over the election, warning against the dangers of becoming a "cheque-book democracy".
“The result is deeply disappointing and our Party has a responsibility to analyse the result and to respond maturely,” Swan said, and warned his colleagues against blaming their party leader for the shocking result.
“Attributing blame or fault to any particular individual or policy is not the way ahead.
He said the “one lesson” the Party could learn from the humiliating defeat was to “listen even more carefully” to voters moving forward.
“This result has implications for the future of our democracy. A $60 million spend by a conservative-aligned billionaire in a preference recycling scheme for the Liberal and National cannot be allowed to stand.
“The characterisation of the Labor policy agenda as radical says more about the state of conservative politics in Australia than it does about Labor. There is no world in which Labor won’t stand for fair wages, a fair go, enhancing equality of opportunity and tackling dangerous climate change.
“The Party has got to dust itself off, rethink and reorganise.”
Talk about awkward timing.
Anthony Albanese just announced his candidacy for the Labor leadership at a pub in Balmain, in Sydney's inner west.
In the middle of Mr Albanese's press conference, Bill and Chloe Shorten started to speak to the media in Melbourne. The ABC cut away from Mr Albanese, while Sky News stuck with him.
"Lots of lessons for Labor to learn from yesterday's results. I know that my party will," Mr Shorten said.
"I am now looking forward to spending some overdue time with my amazing wife. After all, I am Chloe Shorten's husband. And to see the kids."
He only took one question – what went wrong?
"We didn't get enough votes," Mr Shorten said.
Back in Sydney, Mr Albanese was full of praise for his beaten leader, who will remain in an interim role until his successor is chosen.
"He has fought a tough campaign, he has led our great party for six years. He has been an inclusive leader and is someone who has campaigned on a policy agenda in the interests of working people, and is someone who has my respect," Mr Albanese said.
"Can I say that we need to respect the decision that people made yesterday in, I think, clear fashion. This is indeed a devastating result for the Labor Party. I particularly want to say my heart goes out to all those many tens of thousands of true believers who campaigned strongly over many months.
"I'm sorry that we, collectively, didn't get the job done."
He said the Morrison government would continue to be "divided" and the "instability and inaction" would not go away.
"Most of all, what we need to do is have a government that deals with the big challenges by bringing people together," he said.
"We need unions and businesses, people who live in our cities, the outer suburbs, or in the regions, to come together and recognise what unites us as a nation is far greater than what divides us."
Mr Albanese tried to appeal to voters – particularly the Labor members who will decide the fate of his leadership bid – by outlining his own personal story.
"I grew up in a house with a single mum on a pension. I grew up in public housing in Camperdown. know what it's like to do it tough," Mr Albanese said.
"I think that governments will have a role and should be judged on how they look after the most vulnerable, not the most wealthy.
"You will not get any change in my values, because you all know what they are."
It's going to take some time to pick the next Labor leader. In the meantime, Bill Shorten will stay in the position.
"This morning I’ve asked the National Secretary to convene a meeting of the National Executive to start the process to elect a new Leader of the Labor Party," he said in a statement just now.
"I would like this process to be completed as quickly as is reasonably possible.
"As I said last night, I will not be nominating for the position of leader. Until this ballot occurs, I will act as outgoing leader. Following the election I will remain in parliament and look forward to supporting the new leadership team.
"Until new leadership is elected, all Shadow Ministers will remain in their portfolios.
"For millions of Labor supporters, today is a very hard day. I promise I will do everything I can to ensure our great party is back stronger, wiser and united to ensure we can deliver a fair go for all."
Anthony Albanese is about to announce his own candidacy. Tanya Plibersek, Chris Bowen and Jim Chalmers' names have also been thrown around.
Assuming more than one manage to get nominated, there will then be a campaign lasting about three weeks. The Labor caucus and its wider membership will both vote on their preferred option.
Not everyone appreciates the role Queensland played in re-electing the Coalition government.
This post got quite a response last night.
We're expecting Anthony Albanese to hold a press conference at 1:30pm, officially announcing he will seek the Labor leadership.
As a man of the people, he's going to hold the event at a pub in Balmain, in Sydney's inner west.
Stay tuned for that. We'll get stuck into it with as much enthusiasm as Albo getting stuck into a sausage sizzle.
What will Tony Abbott do next? There may be a nice, plum job on his immediate horizon.
The Financial Review reports Mr Abbott is being touted as a potential ambassador to the United States.
The government needs to replace Joe Hockey, who promised to step down as ambassador regardless of the election result.
Earlier we mentioned that Donald Trump had tweeted his congratulations to Scott Morrison overnight.
The White House has now confirmed Mr Trump and Mr Morrison spoke to each other on the phone.
"President Donald J. Trump spoke this evening with Prime Minister Scott Morrison of Australia. The President congratulated the Prime Minister on his coalition's victory in Australia's federal election," Deputy Press Secretary Judd Deere said.
"The two leaders reaffirmed the critical importance of the long-standing alliance and friendship between the United States and Australia, and they pledged to continue their close cooperation on shared priorities."
We understand French President Emmanuel Macron and New Zealand Prime Minister Jacinda Ardern have also contacted Mr Morrison directly, and he'll speak to British PM Theresa May later today.
Pauline Hanson was conspicuously quiet yesterday, given there was, you know, an election on.
Ms Hanson has posted on Facebook this morning saying she's optimistic Malcolm Roberts will return to the Senate.
She's only "hopeful" for Peter Georgiou in Western Australia. On the current numbers, he won't get enough votes.
The Liberal Party won’t be happy about losing a safe seat but pundits tip that few will be upset about the departure of Tony Abbott.
The panel on Insiders all agreed that Scott Morrison being able to lead without the former Prime Minister’s “ghost” lurking in the background was the real miracle.
“This is the best thing that ever happened,” columnist and former Liberal staffer Nikki Savva said.
Host Barrie Cassidy added: “They won government and Tony Abbott is gone.”
ABC radio host Patricia Karvelas agreed, saying “that’s the miracle of this election”.
Mr Abbott’s defeat in Warringah is a devastating one. Last night, his primary vote collapsed to 40 per cent compared to 58 per cent at the 2016 election.
The former prime minister appeared in good spirits, all things considered, when he was photographed at his home in Sydney this morning.
Peta Credlin has claimed that Labor is winning a crucial battle against the Coalition – with the federal election just around the corner.
A new in-depth documentary by Sky News host Peta Credlin investigates a major issue that could swing this year’s election.
The Project co-host Jan Fran says an issue engulfing Prime Minister Scott Morrison exposes a wider issue Australia needs to face.