UPDATE: Greg Bickley says he won't concede defeat, but admits it will be an "uphill battle" to win the seat of Bendigo.
Mr Bickley said there was still a change of victory.
"We obviously have an uphill battle ahead of us,"he said.
"But we are not conceding anything at this stage as there are many more votes to count.
"Counting of postal votes I believe commences tomorrow.
"There is some counting of some smaller mobile booths being undertaken this afternoon I believe."
EARLIER: LISA Chesters has officially declared herself the winner in the seat of Bendigo.
The ALP member said last night she was confident she had won the seat, but did not declare victory.
But she has declared victory to the Bendigo Advertiser this afternoon.
“I’m honoured, proud and excited to be the next member for Bendigo,” Ms Chesters said.
“I look forward to working really hard to represent this great part of the world.
“I love central Victoria.”
Ms Chesters said polling showed she had won the seat despite Liberal opponent Greg Bickley refusing to declare defeat.
Greens candidate Lachlan Slade and independent candidate Matine Rahmani have both congratulated Ms Chesters on the win.
“I don’t expect Greg to contact me,” she said.
“It’s not in his nature.
“To me he’s not somebody who ... he’s the Tom Waterhouse of Bendigo and he’s spent a lot of money.”
Ms Chesters said she would work to ensure local funding promised by the Coalition was delivered and said she would fight apparent job cuts and planned changes by the incoming government.