Greens MP Rosalie Woodruff will be returned to Parliament by a handful of votes, after benefiting from Labor preferences.

The Tasmanian Electoral Commission continued carving up votes on Thursday, and distributing preferences in the formal Hare-Clark count.

Ms Woodruff had been hanging by a thread and without a quota, and was battling out the final seat in the Franklin electorate with Liberal MP Nic Street.

Mr Street replaced former Forestry Minister Paul Harriss in 2016, but failed to win a seat in his own right by about 200 votes.

While he benefited from Premier Will Hodgman's massive personal vote, Ms Woodruff enjoyed preference flows from Labor.

Franklin Liberal Nic Street has lost his seat in Franklin. ( ABC News: Peter Curtis )

Mr Street expressed pride about his time in the Parliament.

"Sometimes you win and sometimes you lose," he said.

"I'm proud of my time in Parliament and the things I stood up for.

"We've retained majority government which I believe is a great thing for Tasmania."

Ms Woodruff will join Greens Leader Cassy O'Connor as the party's two representatives in Parliament.

Labor wins last Bass seat

Bass Green incumbent Andrea Dawkins has lost her seat to Labor's Jennifer Houston.

In Denison, Labor's sitting member Madeleine Ogilvie has lost to fellow Labor candidate, union-backed Ella Haddad.

On social media Ms Ogilvie said she hoped to continue to contribute to the state despite her loss.

"It was such a privilege to be a member of the Tasmanian Parliament," she said.

"I certainly tried to make the most of the opportunity writing and bringing in bills to amend the constitution to recognise Tasmanian Aboriginals," she said.

"As well as to stop cyberbullying, to ban plastics from our waterways, to codify end of life decision making and for advance care directives.

Former Denison Labor member Madeleine Ogilvie says she hopes to continue to contribute to Tasmanian society. ( ABC News )

"Once the dust settles I'm hopeful of continuing to make a strong contribution to our beautiful island state.

"We'll have to wait to see exactly what that looks like."

First-term Liberal MP Joan Rylah will say goodbye to politics, losing the third Liberal seat in Braddon to fellow Liberal Roger Jaensch.

Counting has now finished for the north-west seat of Braddon, with two seats going to Labor, and three to the Liberals.

In Lyons, Labor candidate Jen Butler is leading the race for the final seat, battling it out with fellow Labor candidate Janet Lambert.

Greens need to change: former MP

While today brought some good news for the Greens, former Braddon Greens MP Paul 'Basil' O'Halloran said there was no doubt the 2018 state election had brought a poor result for the party.

Mr O'Halloran, who is still active in the party, said a review of the result was currently underway.

He said the party needed to simplify "the way we do some things".

"We also need to re-engage locally and with a younger demographic," he said.

"Certainly it's been a bad result for the Greens, there's no running away from that.

"We've had a slump now in our electoral result in two elections, but that provides us with opportunities and we will take advantage of those opportunities."