NSW Premier Gladys Berejiklian was one MP from forming a majority government on Sunday after the Labor Party was only able to claim victory in a single Coalition seat.
The overall result is likely to be a slim Coalition majority in the lower house, where the government's support will be bolstered by three or four centrist independents who have said they will support a stable government.
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Aaron Patrick was a senior correspondent at The Australian Financial Review.
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com