Record number of first home buyers in NSW last year
January 13, 2010
A report card on the 2009 calendar year for first home buyer grants in NSW has shown record numbers entering the marketplace, assisted by generous First Home Owner Grants and low interest rates.
Western Sydney was the most popular region for NSW first home buyers, accounting for seven of the top 10 suburbs where grants were received.
“This is a massive level of support for NSW families and the State’s housing sector,” Premier Kristina Keneally said. “Under the first home buyers grant program, more NSW families achieved the great Australian dream of owning their first home in 2009 than ever before.
Official figures from the NSW Office of State Revenue revealed:
• $1.034 billion worth of State and Commonwealth grants were received by NSW first home buyers in 2009;
• 70,213 first home buyers received grants;
• The grants saw the purchase of $26.03 billion worth of property; and
• Liverpool was the top suburb for first home buyers, with 1332 families receiving $33.6 million in grants.
The NSW Government has also extended its 50 per cent stamp duty cut for newly-constructed dwellings worth up to $600,000. The NSW Housing Construction Acceleration Plan (HCAP) was due to end on December 31, 2009 but will now continue through to June 30, 2010.
The top 20 suburbs for first home buyer grants in NSW in 2009 were:
1 Liverpool
2 Westmead
3 Blacktown
4 Leumeah
5 Parramatta
6 Bankstown
7 Wyoming
8 Hornsby
9 Hurstville
10 Cabramatta
11 Kellyville
12 Mount Druitt
13 Dee Why
14 Wagga Wagga
15 Wadalba
16 Baulkham Hills
17 Penrith
18 Auburn
19 Fairfield
20 Stanhope Gardens