Despite a swing against her, and Labor winning the federal election in a landslide, Liberal Party incumbent Sussan Ley appears poised to retain the seat of Farrer.

At the time of publication, Ms Ley held an estimated 62 per cent of the vote, ahead of first-time independent candidate Michelle Milthorpe, who is expected to capture more than 20 per cent of the vote tally.

Labor’s Glen Hyde is trailing the two forerunners on just over 15 per cent.

The Australian Electoral Commission is yet to formally declare the results for Farrer, as preference votes are still being counted. 

On Saturday evening, after polls had closed Ms Ley addressed the volunteers gathered with her in Albury.

"It was a tough fight in Farrer,” Ms Ley said 

“I'm very humbled that I have retained the seat of Farrer and I wanted to very much express my thanks tonight, which I have, to the many volunteers across my electorate, not just in Albury but all the way to the South Australian border who turned out for me and of course for the people who voted for me.

“It was an election where across the country the vote for the Liberal Party declined and I've lost good colleagues as a result from the federal Parliament and my seat was not immune from that decline in support."

On Sunday Ms Milthorpe released a video message, conceding the election and thanking voters.

“Thank you to the people of Farrer who trusted me with their vote,” Ms Milthorpe said. 

“This campaign was powered by those who gave their time, energy and belief so generously. I am truly grateful.”

Ms Milthorpe was also gracious in her congratulations to Ms Ley.

“Congratulations to the incumbent Ms Ley on retaining the seat. I do wish her well over the next three years. If she does well, we all do well.”

Ms Milthorpe did not comment definitively on future plans in politics.

“This is not the end of the road for me; this is just a new chapter.”

With the Coalition in disarray following the defeat of opposition leader Peter Dutton in the seat of Dickson, the race is on to see who will become his replacement. 

On the weekend Mr Dutton became the first Australian opposition leader to lose their seat, and Ms Ley is amongst those political commentators are suggesting will vie to become the next leader of the position.

Ms Ley was not yet able to comment on the leadership spill when contacted by The Riverine Grazier, but if the federal member for Farrer becomes opposition leader there could be implications for voters across the electorate.