Prime Minister Scott Morrison is celebrating a ‘miracle’ win after his centre-right Coalition government was returned to power in a surprising result.

With five seats still in doubt, the Coalition holds 74 seats (two short of a majority), with Labor down on 66. Others are on six. Exit polls had suggested that Labor would lead the first centre-left government in six years.

In response to the party’s poor performance, Labor leader Bill Shorten conceded defeat and announced his resignation.

Morrison thanked the “quiet Australians” for voting for his government and declared he had “always believed in miracles”.