I think these statements pretty well sums up the state of play.
Antony Green
"it is still "highly unusual" for a government to get a 4-5% swing after preferences at a by-election". Fact
"tonight's result was "terrible" for the party. Jodi McKay's leadership may now be on the line." Fact
Jodi McKay
2) "This result is not an endorsement of the Government" Clutching at straws and in denial. Pretty well sums up the ALP.
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Early results - Labor doing well in the Upper Hunter, page-40
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