Sunday, March 8, 2009

Sydney's west enjoys property boom

Some media outlets are reporting a mini property boom in Sydney's west despite financial crisis. According to the NSW Treasurer it is happening because of surge in first home buyers in areas like Campbelltown, Penrith and Liverpool.

"We're seeing people take advantage of the NSW Government stamp duty concessions and the first home-owners grant to move from rental accommodation into their first home," he told ABC Radio on Saturday.

Read more @ Sydney Morning Herald

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