Labor is on track to win 77 seats, after reaching the majority government target of 76 on Monday evening.

Incumbent Labor MP Fiona Phillips remains narrowly ahead in the NSW seat of Gilmore, some 142 votes clear of Liberal candidate Andrew Constance.

Preference flow has seen Ms Phillips lead the race despite 36 per cent of the primary vote compared with Mr Constance’s 42 per cent, although the latter is somewhat closing the two-party preferred gap via postal votes.

Meanwhile, incumbent Liberal MP Michael Sukkar is 619 votes clear of Labor candidate Matt Gregg in the Victorian seat Deakin, the other electorate that still officially remains in doubt.

That follows ABC election analyst Antony Green calling the Melbourne-based seat of Macnamara for Labor’s Josh Burns on Monday, taking Prime Minister Anthony Albanese’s party past the 76-seat threshold for a majority government.

Should Gilmore and Deakin not change hands, Labor would have 77 seats, the coalition would have 58 and the Greens would have four, with the remaining 12 shared between various independents.

It comes as Mr Albanese is set to announce his cabinet on Tuesday following the first post-election caucus meeting in Canberra.

The frontbench will be formally sworn in at a ceremony at Government House on Wednesday.

It is expected the cabinet will include a record number of women and promotions to the ministry for up-and-coming talent including Queensland’s Anika Wells and NSW MP Kristy McBain.