As the vote count continues (as of Wednesday lunchtime) in the 2016 federal election with the counting of postal votes favouring the Coalition as expected, it is now more likely that the Coalition government will be able to govern either with a slim majority or most probably as a minority government with the possible support of an independent such as Queensland’s Bob Katter.
ABC election analyst Antony Green on Tuesday called Grey for the Liberal Party, as well as the marginal seat of Petrie in Queensland.
On Wednesday Treasurer Scott Morrison said he remained confident the Coalition would pick up the 76 seats necessary to form government.
The Coalition continues to gain ground in several key undecided seats as the fallout in conservative ranks continues in the wake of the swing towards Labor and criticisms of its campaign.
Over a million postal votes need to be counted by the Australian Electoral Commission.
Acknowledging that uncertainty is a part of life, the Property Council of Australia's CEO Ken Morrison said on Wednesday that the final result must be accepted and respected.
“While we do not know if Australia will have a majority or minority government, our hope is that we end up with a workable Parliament that can deliver the stable government that Australia needs," Mr Morrison said.
“We have areas of agreement and disagreement with both sides – but we stand ready to work with whatever party forms government and the rest of the Parliament.
“The temptation for all in politics will be to think that the result gives them a ‘three-year leave pass’ from economic reform.
“We cannot give up on reform – nor can we give up on explaining reform.
“There was a remarkable co-incidence that occurred last week. Thursday 30 June marked the completion of 25 years of economic growth.
“It’s a remarkable achievement – but it’s an achievement built on 25 years of good economic management.
“We can’t give up on that – because if we do, we will be giving up on the prosperity that our country needs.
“No matter who forms government, we will continue to put the case for policies that strengthen the economy and our industry.”
Though we don't know the final outcome, we accept & respect the result — Property Council (@propertycouncil)