Australia's center-left Labor Party, led by Prime Minister Anthony Albanese, has won a second term in Saturday's federal election.

Albanese said his Labor Party had won a majority in the election, vowing to steer the nation through a rough patch of global uncertainty.

"Thank you to the people of Australia for the chance to continue to serve the best nation on Earth," the Labor leader told a jubilant crowd at a campaign party in Sydney on Saturday.

Australia's right-leaning opposition leader Peter Dutton conceded defeat in a general election Saturday, saying he had spoken to Prime Minister Anthony Albanese.

(With input from AFP)