Result still uncertain in Australia's Queensland state election

Australia's Queensland faced electoral uncertainty on Monday after Saturday's shock state election in which sitting Premier Campbell Newman was voted out of government and neither party was able to gain a majority.

The Labor is expected to win 44 seats in the state's 89-member parliament, with the incumbent LNP retaining at least 41 seats. But with 45 seats needed for a majority, the Labor was projected to fall one seat short.

Three independents will now hold the balance of power, two Katter's Australian Party (KAP) MPs, Robbie Katter and Shane Knuth, and independent Sunshine Coast MP Peter Wellington.

Wellington said he would support the Labor. However, KAP leader Bob Katter said he had "no preconceived ideas" and told reporters on Monday he would meet with both parties.

All three independents signed a pledge last year as part of a crossbench coalition pledge to stop the LNP government's proposed asset lease and privatization plan.

"All we have is a list of priorities which we feel best reflect the interest of our electorates, but at the same time, deliver for Queensland," Bob Katter said.

"If given the opportunity we will be presenting those priorities to both the major parties and see who best aligns with them and then make a decision after consulting with the party."

Wellington said he had already given a commitment that if he was to be re-elected, he would not support the LNP's proposed asset sales.

Labor leader Annastacia Palaszczuk was reluctant to claim victory on Monday but reflected on the swing against the LNP of up to 18 percent.

Palaszczuk led her party, which was left with just seven MPs after the 2012 election, to its resurgence by building support back in traditional Labor heartland seats.

She promised not to support the sale of state assets and this may be what wins her government given both Wellington and the Katter MP's disapproval of privatization. Endite