The leader of the opposition and incoming prime minister, Anthony Albanese, was congratulated by Morrison on his election victory. Morrison announced he was stepping down as leader of his party. Albanese emphasized the importance of unity in the nation and expressed his intention to lead that effort. Treasurer Josh Frydenberg acknowledged the challenge of winning in Kooyong and potentially being voted out of parliament. Albanese, a pragmatic leader from a working-class background, has promised to unite the country and end divisions. The Parliament consists of the House of Representatives, which has 151 seats. A majority of 76 seats is needed to form a government. Labor had 72 seats, the coalition had 52, while independents and the Greens held 11 seats, with 55% of the vote counted. The Australian Broadcasting Corp projected that a further 16 seats were still undecided. In the Senate, there are 76 seats, with 12 for each of the six states and two for each of the two territories. There are a total of 40 Senate seats up for election: six from each state and the four territory seats. Economic challenges await the winner, including high inflation rates, increasing interest rates, and looming budget deficits from pandemic spending. However, unemployment is at its lowest in nearly 50 years and global prices for Australian commodities are high. When it comes to climate change, the major parties face a difficult path as people want action but are hesitant to pay for it. Retail power prices are also a factor in this election where the cost of living is a central issue. Foreign policy unexpectedly became a focus during the election campaign when Morrison emphasized his national security experience and criticized Labor's capabilities, but his stance was weakened when the Solomon Islands signed a security agreement with China. Morrison admitted to being too forceful in his leadership style and promised a shift, while Albanese presented himself as an alternative with a focus on his working-class background and practical approach.