Victoria election 2022: Daniel Andrews wins third term as premier as Matthew Guy concedes defeat

The Screen of Dreams and 7NEWS Political Editor Mark Riley correctly predicted a Labor win and are now forecasting a majority government.

The tally as coverage wraps up for Saturday has 49 seats going to Labor - enough for a majory, 22 to the Coalition and five to The Greens.

Several seats still remain up for grabs, with Labor and The Greens both confident they could add at least one, Riley said.

Andrews, in his victory speech, rattled off thanks to his staff, caucus, supporters and his family.

“Victorians today have re-elected in comprehensive terms a strong, stable Labor Government.

“But there were some Victorians who could not see their way to clear to support our plan.

“I want to be very clear - we will govern for all Victorians. We will deliver each and every element of our positive plan to benefit each and every Victorian.

“No matter how you voted.”

“Reforming giant and Labor icon Paul Keating once said to me ‘son, leadership isn’t about doing what’s popular. Leadership is about doing what’s right’,” he said.

“Essentially, he was telling me that leadership is about doing what matters. And that’s exactly what the people of this great state have endorsed today in resoundingly re-electing our strong, stable, major Labor Government.”

7NEWS’ Sharnelle Vella reports Matthew Guy called Daniel Andrews to concede after some prompting from party secretaries.

She also reports the phone call was “short”.

Former Premier Steve Bracks said his intel indicated the Labor Party secretary called the Liberal Party director to bring about the concession speech.

“A short time ago I did ring premier Daniel Andrews and offered the Liberal and National Party’s congratulations to him on his and the Labor Party’s re-election to government tonight,” Guy told party faithful.

“On behalf of all Victorians, I think it’s important now post this election that we come together as Victorians know that the best of our state should be ahead of us, not behind us.

“We respect the right of every Victorian to choose their government. We say to each and every Victorian, the choice you make is yours and we aren’t that. We intend to hold the government in the next term to account for what they’ve committed.”

Opposition Leader Matthew Guy is believed to have called the premier to conceded defeat.

He is set to address party faithful at Doncaster Bowling Club.

He did not address members of the media as he entered.

7NEWS projects the Liberal Party will stave off a challenge from an independent in the seat of Kew.

The seat was held by Tim Smith before his resignation last November over a drink-driving scandal.

His replacement, Jess Wilson, is projected to retain the seat.

“That’s a hell of a good result,” former Liberal Premier Jeff Kennett said.

“Teal” independent Sophie Torney contested the seat but is projected to fall short.