Blacktown Sydney’s most popular suburb
More people buy homes in the western Sydney suburb of Blacktown than anywhere else in NSW, according to new figures from the Real Estate Institute.
House sales in the western suburb for the June 2002 quarter made up 10 per cent of the total sales in Sydney, with over 1,000 homes – or 11 every day – being sold in the three months. Penrith also performed well, with around seven houses a day being sold.
Blacktown is Sydney's fifth most affordable suburb and has had about 2,000 house sales over the past six months, resulting in the median house price rising from $243,500 to $264,100. The median unit price is $224,500.
Fay Petrou form Ray White Blacktown said yesterday that the suburb is one of the few in Sydney where you can get value for money: for around $250,000 you can buy a good house on a large block. First-home buyers form the major part of purchasers, with agents reporting that they can't get enough stock to satisfy demand.
The Blacktown area has the fourth-largest take-up of the Federal Government's first home owners' grant in New South Wales, with more than 1,200 grant recipients buying into the area and over $14 million in first-home buyer benefits being injected into the region in grants and stamp duty concessions since July 2000.