Western Sydney revealed as first home buyer’s hotspot

Published 23rd July, 2014 in Economy

New data has revealed that Western Sydney is home to 16 of the top 20 suburbs to benefit from the First Home Owner Grant.

New public housing complex
New public housing complex

The report, written by the NSW Office of State Revenue, details the financial performance of the grant in the 12 months between July 1 2013 and June 30 2014.

The Spring Farm suburb topped the list, with homebuyers receiving over $7 million in grants over the past year, closely followed by West Hoxton, Werrington, St Mary’s, Liverpool and Parramatta.

NSW Treasurer Andrew Constance said the results reflected the Government’s commitment to helping first home buyers get on the property ladder.

Across NSW, total benefits received by First Home Owners Grant recipients is more than $224 million last financial year, including stamp duty concessions.

More information can be found in the full OSR First Home Benefits report.

Published 23rd July, 2014 in Economy