See the latest results here at onenews.co.nz/vote-2014/results

John Key's election night victory speech. Source: 1 NEWS

John Key will remain as Prime Minister and has led a cheering a crowd in a chant of "Three more years".

Labour leader David Cunliffe earlier conceded defeat and has congratulated Mr Key.

With all the votes counted, National looks set to have 61 MPs in Parliament and he says he will talk to Act, United Future and the Maori Party about forming a coalition.

"It's a great night," Mr Key says. "I think people could see the country was going in the right direction and they've rewarded us."

He described New Zealand as the "finest little nation on the planet".

Mr Cunliffe says he plans to stay on as Labour leader.

"I've called on John Key and congratulated him and I've acknowledged he will continue to be the Prime Minister of New Zealand at this time."

Hone Harawira has lost Te Tai Tokerau meaning Internet-Mana will get no seats.

Conservative Party leader Colin Craig has conceded his party won't make it either.

New Zealand First are set for 11 seats but leader Winston Peters will not be kingmaker and he gave a downbeat speech at the party's HQ in Auckland.

Act's David Seymour has won Epsom.

Nationwide, with 100% of votes counted, National was on 48%, Labour 25%, Greens 10% and NZ First 9%.

The Conservatives were on 4.1%, Internet-Mana 1.3% and the Maori Party 1.3%.

That equates to 61 seats for National, 32 for Labour, 13 for the Greens and 11 for NZ first.

The Conservatives and Internet-Mana will get no seats, and the Maori Party 2 seats.

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