Labor poised to claim victory in Queensland as Lawrence Springborg named new LNP leader

Queensland Labor is on the brink of being named state election victor, hours after Lawrence Springborg was named the new LNP leader, promising to deliver a "competent caretaker government".

This evening independent MP Chris Foley conceded he cannot win his seat of Maryborough, with Labor likely to claim victory when new figures are released by the electoral commission tomorrow.

The seat of Maryborough, plus the support of Independent MP Peter Wellington, would see Labor hold the required target of 45 seats, making Labor leader Annastacia Palaszczuk the next Premier of Queensland.

In a meeting that lasted nearly three hours today, Lawrence Springborg was elected as leader and John-Paul Langbroek as deputy, as contenders battled to replace ousted former Premier Campbell Newman.

Mr Newman lost his seat of Ashgrove in the election.

Mr Springborg, the former Health Minister who served as LNP leader in opposition from 2003-06, said the result of the state ballot was still "very unclear".

"What I've indicated to parliamentary colleagues today is that we are still the caretaker government in Queensland," he said.

Both parties were negotiating with crossbenchers as vote results continued to trickle in.

Mr Springborg warned the process could continue for days and even weeks.

He made a break from the Newman era early, admitting the former Premier's controversial assets lease plan was a mistake and the government had at times lacked empathy and understanding in communicating its "tough decisions".

However, he said the LNP still had a record to be proud of in Queensland, claiming education and hospitals had improved across the state in recent years.

He accused Annastacia Palaszczuk's Labor party of lacking a plan for the state's future.

Mr Springborg admitted he had not yet spoken to the crossbenchers himself, but said talks were scheduled with the Katter Australia Party later in the day.