Day one of term three for NSW coalition

NSW Premier Gladys Berejiklian says she is open to dealing with the cross bench to form government as her coalition teeters on the edge of winning a majority.

The coalition on Saturday night were predicted to win 46 seats, one short of a majority, with several key electorates still in play.

In her victory speech, Ms Berejiklian told a jubilant crowd she would happily work with the three crossbench MPs to form government if she had to.

"Whether or not my government is a majority government or a minority government, we will work closely with the three independents that are elected to the NSW parliament," she said.

While the Liberals were able to weather much of the election storm, the seat of East Hills was too close to call and Coogee was all but lost to Labor.

Meanwhile the Nationals lost the seat of Murray to the Shooters, Fishers and Farmers, while Barwon is also likely to fall that way.

The premier told the crowd she was proud to live in a state that would elect a woman with a long name. Ms Berejiklian is the first woman ever elected premier in NSW.

"I am most proud of the state of NSW, I'm incredibly proud of the wonderful place in which we live," she said.