Australia’s Prime Minister Anthony Albanese has secured a second term in office in a disastrous night for his conservative rivals, as voters chose stability over change against a backdrop of global turmoil inflicted by US President Donald Trump.

Prime Minister Anthony Albanese made a major comeback after trailing in polls, while conservative leader Peter Dutton, hurt by Trumpian tendencies, lost his seat.

Opposition leader Peter Dutton says he accepts 'full responsibility' for the Coalition loss, as Australian PM Anthony Albanese hails the result as a vote 'for Australian values'.