Australians cast their ballots at a polling station in Melbourne, May 21, 2022. Photo: AFP/VNA

Albanese said in the victory speech: “I am humbled by this victory and I'm honoured to be given the opportunity to serve as the 31st prime minister of Australia.” "My Labor team will work every day to bring Australians together. And I will lead a government worthy of the people of Australia.”

Meanwhile, in a speech on Saturday evening after conceding the Liberal-National coalition's defeat, Morrison said he will step down as leader of the Liberal party and accept responsibility for this failure.

According to the preliminary vote count, the ALP has won 72 seats in the in the 151-member House of Representatives, and is likely to win four more seats to be able to form a new government in Australia on its own in the next three years.