SYDNEY: Australia´s ruling conservative coalition defied expectations to retain power in national elections on Saturday, prompting Prime Minister Scott Morrison to declare: "I have always believed in miracles!"
"How good is Australia!", shouted a jubilant Morrison, who came to office just nine months ago in a party coup against his moderate predecessor, Malcolm Turnbull.
While it remained unclear if Morrison´s Liberal party and their rural-based National party partners would win enough seats to form a majority government, the leader of the main opposition Labor party conceded defeat shortly before midnight.
"It is obvious that Labor will not be able to form the next government", Bill Shorten told stunned supporters in Melbourne.
"In the national interest, a short while ago I called Scott Morrison to congratulate him," Shorten said, adding that he would also stand down as leader of his party in the wake of its shock defeat.
The result was a monumental upset and a failure by pollsters, who had for months predicted a comfortable victory for Labor after six years in the opposition.
Some bookies had paid out early expecting a coalition defeat and all but the most ardent partisans had thrown in the towel.
The results appeared to show a fractured electorate with minor populist and right-wing parties playing an outsized role in tipping the balance in favour of the conservatives in key districts in the northeast of the country.
They include Pauline Hanson, whose party shrugged off revelations her party solicited money from the US gun lobby and Clive Palmer -- dubbed Australia´s Donald Trump -- who splashed tens of millions on a populist campaign.
Australia has compulsory voting and a complex system of ballots ranked by voter preference, with big political, economic and cultural differences from state to state on the vast island-continent.
Many of the laurels for victory will go to Morrison, who just weeks ago looked set for an electoral drubbing, fated to enter the history books as one of the most short-lived prime ministers in Australian history.
But he closed the gap with a negative campaign and backing from the country´s biggest media organisation -- owned by Rupert Murdoch -- mainly targeting older, wealthier voters concerned over Labor plans to cut various tax loopholes in order to fund spending on education, healthcare and climate initiatives.
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