Australia federal election: Anthony Albanese wins in landslide

Australians voted for stability as international uncertainty appears to be swaying voters away from change.

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Official vote counting won't finish for days, but Albanese's centre-left government will dramatically increase its majority after the conservative Liberal-National coalition suffered a thumping defeat nationwide.

"Today, the Australian people have voted for Australian values: for fairness, aspiration and opportunity for all; for the strength to show courage in adversity and kindness to those in need," Albanese said.

Coalition leader Peter Dutton, who lost his own seat of 24 years, said he accepted "full responsibility" for his party's loss and apologised to his MPs.

Labor has seen swings towards them right across the country – a rare feat for a second-term government in Australia - and Albanese becomes the first prime minister to win back-to-back elections in over 20 years.