Both major parties have taken a hammering with a lot of people voting for the smaller / alternative parties.
Labour voters are again in for a long hard battle in opposition as they tossed everything they had into this election and fell a long way short on the primary vote. The next election for labour will be a massive defeat as regardless of the state of the economy they have pretty shown the coalition their hand.
Turnbull on the other hand has done sweet FA in the top job and yet he's survived for another term in office. No doubt Turnbull would feel very confident that he can do as he pleases from now on knowing that Bill Shorten will never beat him in an election.