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The Guardian - AU
The Guardian - AU
National
Luca Ittimani

NSW budget 2025 winners and losers

New South Wales Labor Police Chris Minns Daniel Mookhey Sydney TAFE
Housing development
The winners include housing developers who could soon have the government as a guarantor. Losers include households relying on cost-of-living relief measures. Photograph: Brook Mitchell/Getty Images

Property developers are the big winners in the New South Wales government’s 2025 budget, while injured workers’ insurance is in the spotlight as Labor fights to bring down spending.

The premier, Chris Minns, and the treasurer, Daniel Mookhey, have found room for a handful of big-spending items but are leaving much of the state’s cost-of-living support to expire.

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