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Gladys Berejiklian Makes History As First Elected Female Premier Of NSW

Gladys Berejiklian has claimed victory in NSW.

The Premier will be forming government, making history as the first Liberal party woman to win a NSW election.

Thanking the Liberal Party faithful in Sydney, she said her priorities would to be to continue to provide a strong budget for projects and infrastructure.

Chants of "four more years" and "Gladys! Gladys!" drowned out the room.

"I'm incredibly proud of the wonderful place in which we live," Berejiklian said.

"And what is most important to me is that, no matter what your background -- where you live, what your circumstances -- everybody in this state has the chance to be their best.

"A state in which someone with a long surname -- and a woman -- can be the Premier of New South Wales."

Prime Minister Scott Morrison gave a massive shout-out to Berejiklian and "the Liberal party here in New South Wales", speaking to the room ahead of Berejiklian's arrival.

Scott Morrison: "How Good Is Gladys Berejiklian!"

Former PM John Howard was also in attendance, while Malcolm Turnbull offered his congratulations via Twitter.

Network 10 exclusively called it for a Labor loss on Saturday evening, with sources telling political commentator Sam Dastyari they would not be forming government after failing to win key Sydney seats.

EXCLUSIVE: Labor Sources Say They Can't Win NSW Election

A short time later, both Sky News and the ABC called it for the Coalition.

Liberal Party HQ "erupted into cheers" as the election was called, 10 News First's Catalina Florez reported, with one staffer saying they'd need "more champagne".

Liberal Party HQ celebrates. Photo: 10 News First.

Berejiklian's parents and sister were celebrating with her.

Gladys Berejiklian mum Arsha and dad Krikorat at the Liberal Party HQ. Photo: AAP.

Results were still coming as speeches were being made, but as of late Saturday night, the Coalition had 46 seats -- just one shy of the 47 needed to form government outright.

"In fact, I'm proud to say that, in some of our seats, we've had a swing TO the government," Berejiklian confirmed.

Labor leader Michael Daley has vowed to remain in the leadership, despite a "trainwreck" election.

It's likely Daley's leadership will be picked apart in the coming days, as Labor grapples with its election loss.

There is also likely to be a wider conversation about what happened to the National party, which has bled seats to the Shooters, Fishers and Farmers party.

Contact the author: abrucesmith@networkten.com.au