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Sydney Morning Herald

The winners and losers from the 2025 NSW budget

Winners Bus commuters Long-suffering Sydney bus commuters will hopefully get some relief from the long queues and cancelled services. The government will splash $452 million to increase the number of bus services, including the rollout of 500 new bendy buses, and more regular school bus services in the outer suburbs. Movie-makers A $100 million fund will search for a home for Sydney's second film studio, with sites at Redfern and the Central Coast already being considered. The government also promises to reform the regulations around film and gaming production in NSW, which promises to triple the time productions can film on private land. The sector will also benefit from $280 million through the existing Made in NSW fund, which supports film and TV production. Tech companies and start-ups Maybe the biggest winners from the budget are the technology companies the treasurer is hoping to attract to NSW with the new Investment Delivery Authority, which will fast-track private investment projects valued at over $1 billion. Think data centres and renewable energy projects. TechCentral will get a $38.5 million injection, and there is funding to encourage women in tech and housing industry innovation through an $80 million 'Innovation Blueprint'. Housing developers The state government will become guarantor for up to $1 billion of housing projects to encourage new low and mid-rise projects where developers might struggle with securing finance. It means developers that the government deems credible and capable of delivering the homes won't have to rely as much on off-the-plan sales to get projects moving. If the homes remain unsold, the developer can call on the guarantee and the government will purchase them for either build-to-rent, affordable, or social housing. Developers will also benefit from a 50 per cent land tax discount for build-to-rent housing.