Prime Minister Malcolm Turnbull is expected to fly to Queensland today to meet with re-elected federal MP Bob Katter, as the Coalition continues its discussions with crossbenchers about the possibility of forming a minority government.

The Coalition has pulled ahead of Labor, with the ABC's election computer moving the marginal Melbourne seats of Dunkley and Chisholm to the Liberal Party, taking the Coalition total to 72 seats.

Labor has 66 seats, after the Queensland seat of Flynn moved from a predicted ALP gain to "in doubt".

With 79 per cent of the vote counted in that seat, Labor is ahead by little more than 1,000 votes.

The ABC's election analyst Antony Green said it was possible the Coalition could reach the magic number of 76 seats to form a majority government.

But Mr Turnbull is continuing to hold talks with crossbenchers and independent MPs.

The ABC understands Mr Turnbull will meet with the Katter's Australian Party leader today, who could be a kingmaker in a hung parliament.

Mr Katter is no stranger to the scenario and was a key independent in the 2010 hung parliament.

Mr Katter said he was already working on a list of demands to put to the major parties, if no party gains the majority of seats.

Mr Turnbull met with South Australian senator Nick Xenophon in Sydney yesterday, with the Nick Xenophon Team tipped to have three senators and one House of Representatives MP, Rebekha Sharkie in the Adelaide Hills seat of Mayo, when Federal Parliament next sits.

Senator Xenophon said the future of financially troubled steel business Arrium was discussed at what was a cordial and constructive meeting.

Both Mr Turnbull and Opposition Leader Bill Shorten have been reaching out to crossbenchers, including Mr Katter, Ms Sharkie, independent MP Andrew Wilkie, Greens MP Adam Bandt and the independent member for Indi, Cathy McGowan.