A victory tomorrow for Norbert Hofer from the anti-immigration and EU-critical Freedom Party (FPOe) would make him Europe's first far-right elected president since World War II.
The presidency is largely ceremonial but it would be another triumph for populist politics a month after Donald Trump's US election victory and barely five months since the British chose to leave the European Union.
The election comes on the same day as a high-stakes referendum in Italy and ahead of elections next year in France, Germany and the Netherlands where anti-mainstream forces are forecast to do well too.
"But it should be a wake-up call to mainstream politicians rather than a cause for despair."
One voter, Helwig Leibinger, told AFP at Hofer's final rally in Vienna yesterday that "we hope that Hofer can ensure that our borders remain closed, that we have controls, that we have security.
"We want a commander-in-chief of the armed forces who can give the right orders," he said.
Both released slick Facebook videos with piano accompaniments today issuing final appeals to come out and vote.
Van der Bellen said people should be guided by "reason not extremes" while Hofer urged voters to ensure a "safe Austria" for their "children and grandchildren".
Hofer won a first round in April, sensationally knocking out candidates from the centre-right and centre-left that have dominated national politics since World War II.
Van der Bellen won a May runoff by just 31,000 votes but the FPOe had the result annulled due to irregularities. This time there are 20 per cent fewer postal votes, which might benefit Hofer.
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