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First homebuyers triple in NSW

Published 12th February, 2018 in Living in NSW

More first homebuyers are entering the market in NSW, since the NSW Government introduced its housing affordability package in 2017.

Blacktown NSW

The NSW Government‘s housing affordability package eliminates stamp duty for first homebuyers purchasing a new or existing property valued up to $650,000. Stamp duty savings are offered for purchases of homes valued between $650,000 and $800,000.

Since the package was introduced in July 2017, over 19,000 people have bought their first home.

New figures have revealed regional NSW and the Greater Sydney are popular areas for first homebuyers.

 RankingPostcodeSuburb2016-2017  first homeowners2017-2018 first homeowners

1

2170

Liverpool

166

406

2

2747

Kingswood

154

399

3

2570

Camden

191

387

4

2560

Campbelltown

114

345

5

2765

Riverstone

319

340

6

2250

Gosford

35

316

7

2171

Leppington

178

304

8

2145

Westmead

114

264

9

2148

Blacktown

136

252

10

2650

Wagga Wagga

62

251

11

2800

Orange

49

230

12

2760

St Marys

48

225

13

2259

Wyong

78

224

14

2620

Queanbeyan

75

222

15

2750

Penrith

65

207

16

2770

Mount Druitt

25

197

17

2565

Ingleburn

95

190

18

2830

Dubbo

47

182

19

2340

Tamworth

39

170

20

2150

Parramatta

81

170

Premier Gladys Berejiklian said the figures show the government’s focus on housing is having a real impact on people’s lives across the state.

“While we know there is always more to do on tackling housing affordability, the results so far clearly show that we are turning the tide for first homebuyers,” Ms Berejiklian said.

Find out more about NSW Government stamp duty exemption and concessions

Published 12th February, 2018 in Living in NSW
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