By Andrew Brown in Canberra

Labor will heed the lessons from the party’s defeat at the Queensland election, the treasurer says, admitting the loss was decisive.

Liberal National Party leader David Crisafulli will be sworn in on Monday as Queensland’s next premier after the party recorded a narrow victory at the polls, ending nine years of Labor rule.

While Labor was on track in the polls for an electoral wipe out, the party regained ground as the formal campaign went on.

The LNP is on track to win 48 seats in Queensland parliament, with 47 needed for a majority.

Treasurer Jim Chalmers said Labor would take stock of the result, ahead of a federal election which is due to be held by May.

“The outcome on Saturday night was decisive, but it wasn’t unexpected, and there are lessons for us,” he told reporters in Canberra on Monday.

“Queenslanders are pragmatic and practical people, and the Albanese government is a pragmatic and practical government, but we will go through the lessons from Saturday night.”

Federal Labor is looking to regain ground in Queensland at the next federal election, with the government only holding just five of the state’s 30 electorates.

The Queensland election was contested on cost-of-living issue as well as concerns on youth crime.

Dr Chalmers said it was not surprising there had been a change of government, with Labor being in power in the Sunshine State for nine years and cost-of-living dominating discussion.

“We understand that people are doing it tough, and they express that at the ballot box, which is their right,” he said.

“We’ve tried to take a series of well-informed economic decisions, take the right economic decisions for the right reasons, because I believe if you do that, the politics will take care of themselves.”

Queensland senator and Workplace Minister Murray Watt said the factor of time was against Labor

“What (former premier Steven Miles) and Labor were seeking was a fourth term in office, and obviously, every election you win, the next one becomes that much harder,” he told ABC Radio.

“Clearly, the campaign that the LNP ran on crime, particularly youth crime, did resonate with outer suburban residents and also regional Queenslanders.

“But equally, the cost-of-living pressures that people in outer suburban areas experiencing are real, and from a federal point of view, that’s why we’ve put so much effort into this.”

The Greens went backwards at the election, claiming just a single seat in the state’s parliament.

Greens leader Adam Bandt said the federal government needed to take responsibility for Queensland Labor’s loss.

“If it was all about what’s happening federally, then clearly (Prime Minister Anthony Albanese) has got some responsibility for the fact that Labor has now just lost government,” he told ABC Radio.

“If Labor takes the Greens policies and implements them, they’re popular, but if Labor spends their time and money fighting the Greens, then the LNP wins.”

Environment Minister Tanya Plibersek said the Greens going backwards at the state election came from perceptions about the party federally.

“They were shocked by (Greens MP) Max Chandler-Mather standing up, defending the criminal elements off the CFMEU on the back of the truck with a megaphone instead of voting for housing,” she told Seven’s Sunrise program.

“People look at that and go ‘these people aren’t serious about making progress. They are only about opposition. They’re only about making a point’.”

Nationals MP Barnaby Joyce said the poll showed there had been an electoral divide across the state.

“There’s a split between regional areas and the western suburbs and the inner urban areas,” he told Sunrise.

Queensland’s election offers lessons for everyone