Labor looks set to return to government in Queensland, former premier Peter Beattie says.
"I can't see the Labor party losing it from here," Mr Beattie told the Nine Network.
"This is going to be a boilover. This is extraordinary."
The Labor party went into Saturday's election with just nine seats, while the LNP held 73 in the 89 seat parliament.
Premier Campbell Newman looks certain to have lost his own seat of Ashgrove and a significant number of seats have been regained by Labor, including the bellwether seats of Greenslopes and Barron Creek, and Stretton, Sunnybank.
According to the Nine Network, the ALP is likely to win the LNP seats of Waterford, Ipswich, Kallangur, Capalaba, Bulimba, Lytton, Pine Rivers, and Everton - held by Housing Minister Tim Mander.
"I think enough bellwether seats have been won by Labor to say they are going to win."
It's also looks like picking up Gladstone, vacated by the retirement of long-time independent Liz Cunningham.
Former deputy prime minister Wayne Swan wasn't prepared to call the election, but described the unfolding results as "an electoral earthquake".
"We have seen the biggest majority in Australian history eroded right back. There is an electoral earthquake happening," Mr Swan told the AB.
"We don't know whether Labor has won but we know 30-odd seats have been gained by the ALP and lost by the LNP in one term."
At 7.45pm, the ABC computer had the LNP on 35 seats, the ALP on 40 and others on three, with 11 still in doubt.
One party needs to win 45 seats to form government.
Former federal Labor MP Craig Emerson said the opposition under Annastacia Palaszczuk looked on track to win at least 42 seats and could even snatch a majority.
"The seats in which Labor has either won or is ahead is 42. Now 42 out of 89 is getting close to 45 which is a majority," he said.
Former Queensland Labor state secretary and Brisbane City councillor Milton Dick told Nine he believed "Annastacia Palaszczuk could be the next premier."
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