LIBERAL challenger Peter Hendy continues extend his lead in the race for the seat of Eden-Monaro as final vote counts trickle in.
With counting in the bellwether electorate having continued into a second day, Mr Hendy now leads Labor incumbent Mike Kelly by 571 votes as of 11.30am, Monday morning.
The race remains one of six seats still deemed too close to call by the Australian Electoral Commission.
More than 80,000 votes have so far been counted and there remain just two polling booths in the electorate yet to finalise their results on a two-party preferred basis.
Pre-poll and postal votes are likely to prove decisive.
Mr's Hendy's share of the two-party preferred vote sits at 50.38 per cent compared to 49.62 per cent for Dr Kelly.
The current swing to the Liberal party in the seat is 4.62 per cent which, if maintained, would be enough to unseat Dr Kelly who holds Eden-Monaro with a margin of 4.2 per cent.
The current situation is a turnaround from much of election night where Dr Kelly held a narrow lead for a majority of the evening.
ABC News on Saturday night even called the seat for Dr Kelly although that prediction may prove to have been premature.
And Dr Kelly refused to claim victory at his election night headquarters saying a final result would not be known for some time.
"We’re competitive and it’s looking promising but it’s still very close," Dr Kelly said. "If things held up evenly we may come home but there are still pre-poll and postal votes to factor in so we’ll see how that lands.
"But at least we’re still in the hunt...we won’t know tonight.
"I don’t think we really can [claim victory], it’s just too tight but it’s very clear to me that people recognised and gave us credit for the work we’ve done.
"But the national situation weighed heavily on us so I think we’ve done as best as we possibly could."
Dr Kelly's primary vote of 39.25 per cent is down more than four per cent on 2010 while Peter Hendy has so far secured 45.11 per cent of the primary vote.
The Greens have seen a 2.47 per cent decline in their primary vote at just over 7 per cent.
A large number of pre-votes and postal votes, which have traditionally tended against the Labor party, have yet to finalised.
And Mr Hendy told supporters on Saturday night he was confident that trend would continue.
“Contrary to what you’re seeing on the TV, the scrutineers for The Liberal Party have fed (data) back in to the Liberal Party computers in Sydney, which show’s that it is absolutely line ball- basically too close to call,” Mr Hendy said.
“We have a feeling that we’ve done very well in pre poll, and that’s not actually being factored in to the figures we’re seeing already."
If Dr Kelly does hold the seat, it would come as something of a shock given Eden-Monaro's past history of voting in line with the national electorate.
The party in government has won Eden-Monaro at every federal election for the past 40 years.
With the Coalition and Prime Minister elect Tony Abbott having secured a crushing victory at the national level however, that streak may be at an end.
The Coalition appears set to gain in the vicinity of 90 seats in the 150-seat lower house with Labor currently favoured to retain 56 seats.
Three seats will be held by the minor parties while a small number are still too close to call.