But he may face a tough ask to win over even his most loyal Liberal MLAs after a resounding loss.

The ACT Liberals' leadership is traditionally spilled after a defeat. Here's who's in the mix to become opposition leader:

Lee was named as a contender for the job before she even entered the Legislative Assembly.

If the Liberals were looking for a likeable leader with widespread appeal, she could be their answer: she's warm, smart and moderate.

She also has significant life experience outside of politics, working as a lawyer and a university lecturer before entering Parliament in 2016.

After a campaign full of gimmicks and evasive answers, the Liberals would benefit from some evidence-based policy decisions. Lee could argue she would give them the credibility they desperately need

A striking part of the 2020 election campaign was the lack of gender or ethnic diversity among the leadership of Labor, Liberals and the Greens.

In a parliament which will have a female majority, it would be disappointing to not have one woman in a leader's role. The Liberals have a real opportunity to address this by picking Lee.

She was canvassed as an alternative leader in November last year, when a group of MLAs tried to kick Coe out fearing an election wipeout with him at the helm. Perhaps the weekend's results will bring them vindication.

Labor has been keen to point out Lee is not as progressive as she may have been presented.

Some even claimed she was a climate sceptic. This was clearly stretching the truth, but as the opposition's environment spokeswoman she's shown a clear point of difference from the government on issues like renewable energy.

Her warmth and likability doesn't always come across in media conferences or on TV, but she'd have plenty of time to develop.

After maintaining a very low profile in the past four years, Jeremy Hanson has emerged as a leading contender to retake his former role in the wake of Saturday night's ACT election defeat.

The shadow attorney-general remains popular in the electorate, although his personal vote in Murrumbidgee was well down from when he ran as leader in 2016.

Those close to the former Army officer believe he possesses the trait many saw as lacking in Alistair Coe and his failed campaign - credibility.

Entering his fourth term in ACT Legislative Assembly, Hanson's pitch to the party room would focus on his experience, both in the leader's role and outside of politics, and his broad electoral appeal.

While he did lead the Liberals to election defeat in 2016, the 53-year-old would try and make the case that the result was not rejection of him, but rather the party's position on light rail. The Liberals won 36.7 per cent of the vote under Hanson, compared to 33.8 per cent under Coe (with votes still being counted).

But after a sixth consecutive election loss, the Liberal party room might believe a fresh face is their best and only chance of success in 2024.

It might be the case that Elizabeth Lee, a fellow moderate, is simply a better candidate.

Don't rule out Hanson conceding the leadership and running as Lee's deputy.

While the pair might be the Liberals' strongest option electorally, the Canberra Liberals' conservative powerbase might not be able to stomach two left-leaning MLAs leading the parliamentary party.

Former breakfast radio host Mark Parton would be an outside chance in any leadership contest, but his name simply won't go away.

Parton is popular, and not just on social media.

He topped the party's ticket in Brindabella, defying a strong swing against the Liberals in Canberra's far south to attract 11.3 per cent of the vote. Only two Liberals attracted more support in their electorates - Hanson and Coe.

Parton has a set of talents which set him apart from his colleagues, and which might make him an attractive option for a party in need of a refresh. Alistair Coe turned stunt man in the final fortnight of the campaign, but it's Parton who is the real showman.

A confident and engaging public speaker, Parton has no problem communicating a message. His head-to-head battles with Chief Minister Andrew Barr during question time would be a must watch.

While Parton is popular in the electorate, that doesn't necessarily translate to support in the branches or party room.

A former independent, he has always been perceived as an outsider who doesn't bleed Liberal blue. He won fewer than a handful of votes in a ballot of local branch members during the preselection of candidates for the 2020 election.

There remain legitimate questions as to whether Parton is all style and no substance.

The housing and planning spokesman barely laid a glove in one of the government's most vulnerable areas.

Of the conservatives left in the party room, Alistair Coe still looks like their best candidate.

So while he has led the party to a resounding defeat, there will be some who still back him.

He appears keen to wait to see what the final makeup of the Assembly is - and therefore his support - before making a decision on leadership.

If Peter Cain is able to snare the fifth seat in Ginninderra, it could give the conservatives a 5-4 advantage in the party room.

But the Liberals have been left wounded after the election, possibly being left with just eight seats.

There's no mistaking they've gone backwards, and what was supposed to be a tight race has turned into a significant progressive gain.

Over the past four years, the issue of Coe's conservatism just wouldn't go away.

While he didn't often insert his socially conservative views into debate or policy discussion, his views were well known and contrasted to the relatively progressive nature of the Canberra electorate.

After a bruising election defeat which many are putting down to the Coe factor, it may be hard to convince even his loyalists he should stay on.

Deputy leader and moderate Nicole Lawder may appear to be a likely contender for the top job, but she hasn't shown the leadership, profile or political gumption necessary for the role.

She did well to increase her vote in Brindabella, working hard as a local member, but she was also at best a willing bystander in the Liberals' ridiculed campaign, featuring alongside Coe as he delivered stunt after stunt, but failed to answer questions.

If a moderate gets up as leader, there's a good chance a conservative will be given the role of deputy leader. If that happens, police spokeswoman Giulia Jones may be the top contender.

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