Supporters at Labor’s election party in Sydney cheered and hugged each other as Albanese claimed victory and said his party would form a majority government.

Australia's Anthony Albanese, who claimed a historic second term as prime minister on Saturday, is a pragmatic leader who revived his campaign by offering stability against the backdrop of U.S. President Donald Trump's volatile diplomacy.

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.