Labor Leader Annastacia Palaszczuk, who has so far achieved a 19 per cent swing in her Inala electorate, said that three years ago Labor did not believe it could come this close to victory.
"It's still too close to call at present, but I'm very hopeful that we will be able to form government in this state," she said.
"Can I thank the union movement," she said.
"Because it it is the union movement that stands up each and every day and fights for better conditions for workers across this state."
Ms Palaszczuk campaigned on a "no asset sale agenda" and said a Labor government would not offload the $37 billion worth of assets the LNP wanted to privatise.
"Let's put the past three years behind us," she said.
"Let's have a consensus government where we bring people together, where we listen and where he unite.