Election 2016: Where are we at in 60 seconds

Who has won?

Neither major party has declared victory or defeat yet.

Who is likely to win power?

It is hard to tell. So far the Coalition has received 4,929,311 votes (50.04%) and the Labor party has received 4,921,187 votes (49.96%) on a two-party preferred basis, according to the Australian Electoral Commission. Vote counting is currently paused and will resume on Tuesday.

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However, what really counts for a party to form Government are the seats in the House of Representatives. There are 150 seats in total, meaning one of the majors needs 76 seats to form an outright Government. According to ABC News, here is the seats count so far in the House of Representatives:

  • Coalition – 65
  • Labor Party – 67
  • Greens – 1
  • Xenophon Team  – 1
  • Others – 3
  • To close to call – 13

The ‘Other’ seats have gone to: Andrew Wilkie, Cathy McGowan and Bob Katter.

To see the seats that are to close to call visit ABC News.

When will we know who has won

It is unknown as to when we will know who has formed Government. Vote counting resumes on Tuesday, which is the same day the Reserve Bank of Australia (RBA) has their board meeting to discuss interest rates.

On Sunday FHBA co-founder Daniel Cohen took to Twitter to say that regardless of the result, First Home Buyers Australia will continue to be the leading organisation fighting on the behalf of aspiring first home buyers.

Daniel Cohen on Twitter

Rest assure that whoever forms Government @fhba_com_au will continue to fight for more help for aspiring first home buyers across #Australia

FHBA co-founder Taj Singh echoed Daniel’s comments, saying “regardless of who wins, action is needed to address housing affordability”.

Stay tuned to our Blog & our Twitter page for rolling updates that matter regarding the election results & the RBA rate decision.

 

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