Katter's Australian Party (KAP) says it is willing to cut a deal with the Labor Party to form a minority government in Queensland.

KAP won two seats in Saturday's election, while Sunshine Coast independent MP Peter Wellington was also returned in the seat of Nicklin.

The ABC's election analyst Antony Green said Labor had clearly won 43 seats, with a few electorates still in doubt and too close to call.

Labor needed 45 seats for an outright majority, but Mr Green said they were the only party that could form government.

"Certainly there's no way the LNP can form government in that Parliament, they just wouldn't have the numbers," he said.

Counting stopped at midnight but began again on Sunday morning.

KAP, independent would help minority government

The re-elected Member for Mount Isa, Rob Katter, said the people of Queensland sent a strong message to the LNP that they did not like asset sales or leases.

"If there's any opportunities there of course we'll take them if the numbers are tight," Mr Katter said.

"I'm not sure how I see a scenario how the Labor Party would be doing a deal - look I'm sure if it comes to the crunch and both parties would be prepared to deal."

Mr Katter said he was also ready to negotiate with the LNP but described asset privatisation as a deal breaker.

"I think the LNP would be stupid to pursue that agenda if it came to that because they've been told unequivocally by the public that they don't want it," he said.

KAP Member for Dalrymple Shane Knuth said they would not stop a government from governing.

"But we want to ensure that we have good governance," he said.

"We are sick and tired of hearing about the great Labor Party and the great Liberal Party, we want to hear about the great Queenslanders that are out there that have been missing out that are hurting."

The independent Member for Nicklin, Peter Wellington, said he was prepared to negotiate with a minority Labor government.

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"The last thing we want to do is to have Queenslanders return to the polls because some elected members of Parliament do not want to sit down around the table and negotiate," he said.

"I'm prepared to sit around that table, put my best forward and do the best I can.

"I have never held a shotgun to anyone's head.

"But if there are issues involving legislation that my constituents want to oppose, I'll oppose it."

But Mr Wellington would not support a minority LNP government.

"No way in the world would I support Jeff Seeney and Jarrod Bleijie continuing in significant leadership roles," he said.

"I believe all of the ministers who have been re-elected have a lot of soul-searching to do because they all sat around the table when Campbell Newman went out there and made all these announcements, and they stood with him side by side and they share the responsibility."

Questions abound about future of Queensland Parliament

Campbell Newman declared his political career over on Saturday night after he lost Ashgrove to Labor's Kate Jones.

That means the LNP will be forced to address the leadership question it has avoided discussing publicly for the entire election campaign.

Even after it was clear Mr Newman's fate had been sealed, senior LNP figures such as Tim Nicholls, John-Paul Langbroek and Scott Emerson were still refusing to answer the ABC's questions on leadership.

However, by 6:30am on Sunday morning Mr Newman was back at his offices, firstly in State Parliament and a short time later at the nearby government executive building in the Brisbane CBD.