The NSW first home buyers continue to set records – with the top five suburbs for first home buyer grants all in western Sydney.

The NSW first home buyers have set another impressive first, with more than $150 million in first home buyer benefits handed out in September this year.

September 2009 was the best performing month of September since the first home buyer grants benefits began in 2000 with more than 6,000 NSW first home buyers assisted.

Figures from the NSW Office of State Revenue show:

• 6,079 first home buyer grants worth $92.98 million were paid out in September 2009, compared to 3,740 grants worth $26.18 million paid out in September 2008;
• Stamp duty concessions worth $57.71 million were granted in September, compared to $33.76 million worth of concessions in September 2008
• The top five suburbs for grants were all in western Sydney, with first home buyers in Liverpool again topping the list and receiving benefits worth $3.32 million
• Since the introduction of first home buyer grants in July 2000, more than 428,000 first home buyers have received grants and stamp duty exemptions worth in excess of $6.4 billion.

Dwellings worth almost $392 million have been sold under the NSW Housing Construction Acceleration Plan, since the NSW Government cut stamp duty by 50 per cent from July 1 on newly-constructed dwellings up to $600,000.

895 families, including investors, have taken advantage of the 50 per cent stamp duty cut, putting $6.8 million worth of stamp duty back into their pockets (as at October 18).

Currently, benefits of up to $34,990 are available for first home buyers for a newly-constructed home; and up to $28,490 for an existing home.

Further details on first home owner grants and the 50 per cent stamp duty cut are available at: www.homebuyer.nsw.gov.au

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