The result of the election was a
hung parliament. The balance of power lay with the two re-elected Independent Labor members, James Geraghty and John Seiffert, who had been expelled from the party for disloyalty during the previous parliament. As Seiffert had not stood against an endorsed Labor candidate for Monaro, he was readmitted to the party and together with the support of Geraghty, McGirr and Labor were able to stay in power. Labor gained the two
Lang Labor seats. Of the other two seats held by expelled members, Labor re-gained
Lakemba while the Country Party won
Barwon. Labor also lost
Hawkesbury to the Liberal Party and
Mudgee and
Dubbo to the Country Party. The sitting Independent members for
South Coast and
Gloucester had joined the Liberal Party and the Country Party respectively prior to this election. During the parliament there were 4 by-elections with the result of a net gain to Labor of 1 seat (
Ashfield). The near loss of the election weakened McGirr's position and he was replaced as premier by
Joseph Cahill in April 1952. Treatt remained the
Leader of the Opposition during the period of this parliament and Bruxner continued as the Leader of the Country Party, a position he had held since 1932. The final two party preferred result was Labor 51% to Coalition 49%. == Retiring members ==