NSW first home buyers acting now
First-home buyers have been energised by the removal at the end of the year of the state government's stamp duty concession for the purchase of established properties by this group. The bottom end of the market remains the main focus of buyer attention in Sydney.
Latest Bureau of Statistics data shows that in October there were 3191 first-home-buyer home loans recorded, which was 17 per cent higher than in September and 35 per cent higher than in August. The number of first-home-buyer home loans in October is the highest since December 2009, which was during the peak of the boom driven by the federal government's First Home Buyer Grant Boost.
Source: Sydney Morning Herald