"And I'm confident we will do it with a majority Labor government."
Ms Frecklington conceded as Ms Palaszczuk was claiming victory in Inala.
“Queenslanders have made their decision,"she told the LNP faithful at the Emporium Hotel.
"This decision is respected by the LNP and I’m so proud of the campaign we have fought and I’m so proud of the 93 candidates who ran a good race.”
Ms Frecklington vowed to stay on as LNP leader.
"I promise that the Liberal National Party will continue to play its part in our democracy,"she said.
"And I will continue to play my part in the Liberal National Party and I will continue as the leader of this great party."
At the close of counting on Saturday night,Labor had 40.7 per cent of the primary vote,well ahead of the LNP’s 34.9 per cent.
There was a 5.3 per cent swing towards Labor across the state,primarily in the south-east corner.
Clive Palmer’s multimillion-dollar advertising blitz resulted in just 0.57 per cent of the primary vote,with his United Australia Party outpolled by the Legalise Cannabis Party.
One Nation’s vote collapsed to 7.1 per cent,losing almost half the 13.73 per cent it achieved at the 2017 election.
That led to an extraordinary television appearance from Senator Pauline Hanson's chief of staff,James Ashby,who complained on the ABC about a lack of coverage in the regions.
"You have journalists working from their little corner cupboard in their house,"he said.
"We've got nothing in the regions."
The mood at Labor’s election party,held in Ms Palaszczuk’s electorate of Inala in Brisbane’s west,was increasingly jubilant as results came in.
The most recent LNP Queensland premier,Campbell Newman,gave his verdict on his party’s fortunes just before 8pm AEST.
“Spare me the COVID-19 excuse for what's happening tonight in Qld,” he tweeted.
“The LNP primary vote was 36pc a year ago. We had a problem prior to the pandemic.”
By the time polling booths opened on Saturday morning,1,288,696 Queenslanders had already voted in person at pre-poll locations across the state,and a further 905,806 postal votes had been issued,571,095 of which had already been returned.
Given there were 3,360,078 registered voters on the Queensland electoral roll,that meant anywhere between 55 per cent and 65 per cent of votes had already been cast by the time the first democracy sausage hit the grill.
The previous record,set in 2017,was 36 per cent.
- with Lydia Lynch