Liberals concede Bega defeat to Labor

"I've just called Michael Holland to congratulate him on being chosen as our next member for Bega," Dr Kotvojs said.

"The way the postal votes are coming in it's very unlikely that I'll be able to win at this point."

The Liberals went into the by-election with a margin of 6.9 per cent.

The final results may not be available until next month due to an overwhelming number of postal votes.