Tony Abbott claims victory in Australian Election 2013

Kevin Rudd has conceded defeat to Tony Abbott in the Australian election.

Making his speech at The Gabba stadium in Brisbane, Mr Rudd said he wished his rival "well in coping with the stresses and strains of high office that lie ahead".

He added: "I also wish his government well in for the great and difficult challenges that now lie ahead for Australia."

Sydney Morning Herald report:

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