10:25pm: Senior LNP ministers are refusing to be drawn on who will replace Campbell Newman as LNP leader after Kate Jones claimed victory in Ashgrove.

Local Government Minister David Crisafulli stuck by the party line that he didn't expect the LNP to remain in government if Mr Newman lost Ashgrove. He said that appeared to have played out tonight.

When asked about the leadership he said: "Tonight's not the night for that".

Treasurer Tim Nicholls gave a similar answer to Channel Seven's Bill McDonald.

"There's plenty of things to do yet before we make those decisions," he said.

"I'm not going to give you an answer tonight Bill, I'm sorry."

10:16pm: One seat is bucking the state-wide swing to Labor.

LNP MP Deb Frecklington managed a boost to her vote in Nanango, albeit only slightly.

The Assistant Minister to the Premier had been anointed as a rising star in the party and tipped for a role in the ministry in the near future. While her colleagues fell around her to swings as large as 20 per cent and above Ms Frecklington managed a 0.5 per cent swing on first preferences.

On two-party-preferred standings she managed a six per cent swing against Katter's Australian Party candidate Ray Hopper.

10:10pm: Premier Campbell Newman has again thanked his supporters, this time in his electorate office in Ashgrove.

"This evening is really about thanking people. I thank you all, all of you, for the tremendous support you've given over the last couple of years," he said.

"I've really enjoyed doing this job. I've really really enjoyed being the local member."

Mr Newman listed a deluge of local groups he had been thankful to work with, including The Gap netball club, "the power of Queensland Netball".

He again thanked staff and volunteers along with local politicians at federal and council levels.

10:08pm: Annastacia Palaszczuk's father, Henry, says he didn't teach her much at all about politics, except for the need for humility.

Unsurprisingly Mr Palaszczuk, a long-serving Labor MP himself, said Queenslanders would be lucky to have his daughter as Premier if the numbers fell that way.

"I think it was her determination, her love of people in Queensland, she really has a very good mind to be able to work things through," he told Channel Seven when asked about what got her to this position.

"Most importantly she is very very honest and very very genuine. what you see with Annastacia is what you get."

10:05pm: Some massive swings across Queensland. Labor windfall in Bundaberg with projected swing of 22 per cent.

10:03pm: Some numbers for you - 68.1 per cent of votes counted. The ABC's live results feed has Labor with 44 seats and the LNP with 39. Swing to Labor of 11.6 per cent, swing against LNP of 9.1 per cent.

10:01pm: The LNP's Jon Krause is set to be returned in Beaudesert on a night of electoral carnage across the state for the Liberal National Party. More from the Beaudesert Times here.

9:57pm: Before Campbell Newman's speech, chants of "Jo-Ann, Jo-Ann, Jo-Ann" rang out among Labor supporters.

Jo-Ann Miller, flanked by Mount Ommaney candidate Jessica Pugh, gave the first of the night's speeches in the Labor camp, where the mood is becoming increasingly uproarious.

 "The politics of punishment have gone tonight and the politics of putting the dollar over decency have gone tonight," she said, to wild applause.

Describing the battle against the LNP government as a David and Goliath battle, she promised  Labor would be there all the way through.

"We know the people of Queensland have voted for change and for integrity and accountability," she said. 

9:41pm: Chants of "get off, get off, get off," have greeted Premier Campbell Newman's concession speech in the Labor camp.

He has conceded in Ashgrove.

9:37pm: Campbell Newman tells his MPs, especially those who have lost this seats, how very proud he is of them and the job they have done.

He seems relaxed and at ease.

"This is the ... lady, the love of my life, and I thank her for supporting me for 13 years in political office," he says.

"We are going to go forward together and have a great life together. I want to thank our two daughters who are not here this evening. They are far away. But thanks for their support as well.

"Finally, ladies and gentlemen, again, let's hope that we can get a result for Queenslanders soon but, again, to all of you, to so many people who have been terrific over the years, thank you for your support. Thank you Queensland, it has been an honour, it has been a privilege."

9:34pm: "My political career is over," Campbell Newman says.

"No," says the crowd, with calls for him to run for "PM".

Newman laughs.

9:33pm: Campbell Newman is fronting media at Liberal election HQ. 

"My political career is over," he told the gathering.

9:29pm: With the retirement of Liz Cunningham, Gladstone has returned to Labor, with Glenn Butcher, the maintenance supervisor at Queensland Alumina and the president of Gladstone rugby league easily winning the seat vacated by Ms Cunningham.

Mr Butcher has polled 61.1 per cent of the two-party preferred vote, with 57 per cent of the vote counted.

Former Calliope Shire councillor Craig Butler - who ran as an independent - finished second with 29.2 per cent of the vote - ahead of the LNP's Michael Duggan.

In Gladstone, the proposal to privatise the Gladstone Port Corporation was very unpopular with locals.

9:28pm: Oh, Tony! How things have clearly changed since 2012. In case you've missed it, Campbell Newman has been ousted in Ashgrove.

9:24pm: On Friday, Labor councillor and amateur election expert Paul Tully predicted a hung parliament.

He believed Labor would win 41 seats and possibly 44 seats for the LNP.

He predicted a "gang of four" - two independents and two Katter's Australian MPs - would hold the balance of power.

At the minute, Cr Tully is looking pretty good.

"Well the Katter's Australian Party is definitely correct," he said.

His prediction that the seat of Pumicestone would fall to Labor is also correct.

"It is too close tonight and it could come down to whatever you call them - deals or arrangements or understandings between the Labor Party and those minor parties."

9.22pm: Rob Katter has increased his majority by almost 10 per cent and declared victory in the seat if Mount Isa. More from the North West Star here.

9:20pm: Let's take a quick look at regional Queensland. Capalaba returns to Labor and LNP on shaky ground in Redlands, Cleveland. More from the Redland City Bulletin here.

9:17pm: Almost the entire Moreton Bay Region looks set to throw out its sitting LNP members and welcome Labor politicians into government.

The ABC is predicting Murrumba, Pine Rivers, Morayfield and Kallangur to all go to Labor on comfortable margins with Pumicestone possibly switching sides as well.

Environment Minister Andrew Powell looks to be the only holdout in his seat of Glass House.

Deputy Premier Jeff Seeney and Member for Pumicestone Lisa France have been embroiled in a very public fight with the Moreton Bay Council in recent months over how to interpret sea level rises due to climate change in the regional plan. Residents had been vocal in their support of the government stepping in on the issue but it doesn't appear to have translated to votes.

9:14pm: With more than 60 per cent of the vote counted and electoral officials due to call it a night in an hour, it's time to look at the latest overall count.

Based on the current count, Labor has won 44 seats, the LNP 39, Katter's Australian Party 2, and 1 other.

9:12pm: VIDEO - Newman gone in 'extraordinary' result.

9:05pm: This was Cameron Dick's last tweet before polling closed this afternoon. 

It's looking like he has struck gold at the end of those rainbows - he's romping home in the seat of Woodridge, with 63 per cent of the primary vote so far (with 40 per cent counted).

The LNP's Steve Viliamu is next with 18 per cent. The seat was previously held by Labor's Desley Scott, who is retiring.

Cameron Dick was an acknowledged performer in the Bligh government, but lost his then seat of Greenslopes in the LNP landslide of 2012. He's also tipped as a future leader.

9:01pm: See #QLDvotes in pictures...

8:56pm: Most of the LNP party, what is left of it, is ignoring Kate Jones's speech. 

There was loud laughter from one person when Ms Jones said she "retreated" into her community after her 2012 loss, but it was not shared.

Treasurer Tim Nicholls calls the Ashgrove result "devastating for Campbell Newman and devastating for the LNP". But he also congratulations Ms Jones.

8:47pm: Voters have punished LNP-turned-PUP then Independent MPs Alex Douglas and Carl Judge.

Both MPs switched from the LNP to the Palmer United Party after the 2012 election before quitting and serving out their terms as independents.

If the predictions are correct,  both men face losing their seats.

Labor's Mark Bailey is way ahead with 43 per cent of the vote and predicted to win Yeerongpilly with Carl Judge picking up just 7 per cent of the vote.

In Gaven, the LNP's Sid Cramp has 38 per cent of the vote and is predicted to win while Mr Douglas has picked up just 12 per cent of the vote so far.

8:40pm: Labor's two trips to Mackay during the election campaign have paid off to boost the profile of their candidate, Julieanne Gilbert, when Labor's deputy leader Tim Mulherin announced his retirement in week one of the election.

In Mackay with 40.2 per cent of the vote counted, Ms Gilbert is polling 61.6 per cent of the two-party preferred vote to the LNP's  Deon Attard with 25.7 per cent.

The expected strong challenge from the city's former mayor, Julie Boyd, did not eventuate, with the independent candidate polling 21.9 per cent of the primary vote.

8:31pm: People are starting to leave the LNP function.

Campbell Newman hasn't spoken yet. Very sombre mood.

8:26pm: Premier Campbell Newman has called Kate Jones to concede defeat, Treasurer Tim Nicholls says.

8:22pm Things are getting heated on Channel 7's election coverage.

After reporter Patrick Condren pressed Attorney-General Jarrod Bleijie over whether he was at fault for the voting backlash against the government, panellist and federal MP Bob Katter ripped into Transport Minister Scott Emerson.

"Not one single one of you are acknowledging that the sale of the assets cost you this election," Mr Katter said.

"You should have seen clearly that it cost the ALP the last election and it's cost you this one."

Mr Emerson responded that it was "easy to sit on the sidelines" and criticise while referring to Labor losing the state's Triple A credit rating before the pair started shouting over each other and the other panelists steered the conversation in a different direction.

8:19pm: The likely election of Leeanne Enochin the Brisbane southside seat of Algester is historic.

The ALP candidate will become the first indigenous woman to sit in Queensland parliament. 

She currently holds 50 per cent of the primary vote, over the LNP's Anthony Shorten on 38 per cent. 

Ms Enoch is the sister of Queensland Theatre Company artistic director Wesley Enoch.

8:15pm: The count With close to 50 per cent of the vote counted, here are some updated projections.

At this stage, the predictions are: Labor 41 seats, LNP 31, Katter's Australian Party 2, and 1 other.

It's close.

8:00pm: Tony Moore: Local Government Minister David Crisafulli is also in trouble now in his Townsville-based seat of Mundingburra.

With 36 per cent of the vote counted , Mr Crisafuli is facing an 12 per cent swing to Labor and is now polling 46.7 per cent of the vote, with Labor candidate Coralee O'Rourke polling 53.3 per cent.

Palmer United Party candidate Clive Mensink has 11 per cent of the vote and I cannot see a large proportion of those votes going to the LNP.

7:54pm: Jorge Branco: Local Government Minister David Crisafulli is "hoping for a miracle" to retain his seat of Mundingburra in Townsville.

"Politics has always been greater than the individual," he told Channel 7.

"If I go there'll still be capable people around. "I'm still hoping for a miracle but it's going to be a very uphill battle from here."

7:52pm: LNP frontbenchers in trouble.

The size of the swing towards Labor puts two LNP ministers in trouble, despite them having sizeable margins.

Rob Cavalluci, the LNP's minister for multiculturalism has already lost his Brisbane Central seat to Labor's Grace Grace.

Ian Walker the LNP's Minister for Science, Information Technology,Innovation and the Arts, is in trouble in the seat of Mansfield near Mt Gravatt.

As we previewed this morning, Mr Walker has a 11.1 per cent margin and there is a 14 per cent swing running against him towards the ALP in early counting.

With 17 per cent of the vote counted the well liked Mr Walker is polling 46.3 per cent to the ALP's first-time campaigner called Adam Obeid, who is polling 53.7 per cent.

7:49pm: It's a family affair here tonight at Labor headquarters in Richlands.

Opposition Leader Annastacia Palaszczuk's 90-year-old grandmother Beryl Erskine has just arrived to join the celebration. The Labor leader is not expected until about 9.30pm.

7:43pm: 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."

7:41pm: More than 30 per cent of the vote has now been counted and here are the projections.

Labor 41 seats, LNP, 35, Katter's Australian Party 2 seats, and 1 other.

There is still a far bit of counting to go but Premier Campbell Newman looks set to lose his seat.

7:33pm: There are some massive swings to the ALP going on in individual electorates across the state.

So far early votes from Bundaberg, Cook, Gladstone, Ipswich, Kallangur, Murrumba and Redcliffe are all showing swings to Labor of more than 20 per cent.

Murrumba is the biggest of these with a huge 28 per cent swing to Labor challenger Chris Whiting.

ABC election analyst Antony Green is calling Bundaberg as a likely Labor gain and the rest all safe gains to the opposition.​

7:23pm: Labor candidate for Brisbane Central Grace Grace says she is benefiting from a Greens preference flow in Brisbane Central.

She's trailing sitting MP Robert Cavallucci on primary votes 36 per cent to  46 per cent with just 4.63 per cent of the vote counted but was upbeat speaking to 7 News

"We're hoping those green preferences will flow a lot more than last time," she said.

7:21pm: Brisbane City Council Opposition Leader Milton Dick is holding court at the Labor function but, like many here, he's keeping a lid on the potential for Annastacia Palaszczuk to emerge from today's election as Queensland's new premier. 

"We're extremely nervous, out there with Annastacia today talking to people, they are clearly in the mood for change," he said.

"Whether that will result in a kick in the shins or a full body blow remains to be seen."

As for winning government, as exit polls have predicted:

"It's a too far distant ambition at this stage, we are too afraid to believe that sort of history could be made," he said.

Cr Dick said even the party winning 30 seats after the 2012 election whitewash would be historic.

7:12pm: ABC election analyst Antony Green says it is unclear who will win at this point of counting.

The projections are: Labor 38, LNP 33, Katter's Australian Party 2, and Other 1.  

7:07pm: The early figures out of Ashgrove seem to be backing up predictions Premier Campbell Newman will lose his seat.

With almost 7 per cent of the vote counted Labor candidate Kate Jones is ahead with 48 per cent of the primary vote while the Premier trails with 38 per cent.

Queensland Treasurer Tim Nicholls concedes the early figures are concerning.

7:03pm: Kim Stephens: We're in Labor heartland for tonight's official party in Opposition Leader Annastacia Palaszczuk's ward of Inala, in Brisbane's west.

We're at the Richlands Lions Soccer Club.

I think it's safe to predict the mood inside will be a buoyant one.

6:55pm: Only 6 per cent of votes have been counted however One Nation's Pauline Hanson is polling second in the seat of Lockyer over Labor's Steve Leese.

Too early, but she is polling 28 per cent, over Mr Leese with 17.7 per cent and others on 7.4 per cent.

The LNP's Ian Rickuss on 35 per cent will be watching closely.

6:53pm: The media has finally been allowed into the LNP campaign party.

Not a lot of people here at the moment.

But those in the room don't look overly optimistic.

Certainly none of the cheer we saw in 2012.

6:42pm: And the Channel 7 mystery guest is.... Kate Jones. She will be joining the station's panel soon.

The Labor Candidate for Ashgrove says she's heartened by the work of her volunteers and says there is a "mood for change" on the ground.

She says Newman decisions were tearing Queensland apart and she wants to see a cohesive Queensland.

6:28pm: Danielle Cronin: Election officers will count votes from 6pm to 10pm today and recommence in the morning.

In close contests, candidates may wait up to 10 days to learn who has prevailed at the ballot box

The Electoral Commission of Queensland advises: "On polling night, after initially conducting a first preference count, a notional count is completed. The notional count may provide a good indication of the winner from the two candidates identified as most likely to win the seat. A full count with distribution of preferences will follow post polling day."

"With a strong turn out in early voting via pre-poll and postal votes, the commission estimates that around 80 per cent of Queensland electors will be left to cast their vote on Saturday."

6:12pm: Jorge Branco: An exit poll by Channel 9 might be predicting a Labor boilover win but the bookies have backed the LNP.

Channel Seven showed this graphic taken from Sportsbet odds, predicting the LNP would hold on to 48 seats with Labor being held to 37. Independents would pick up two seats along with Katter's Australian Party.