Liverpool tops list in the $8.5 billion first home buyers' grant giveaway
The NSW first home buyers' market has had an $8.5 billion injection of funds from government grants since the July 2000 first buyers grant introduction.
The residents of the Liverpool postcode are the biggest beneficiaries with some $169 million in grants to around 10,000 home buyers.
Westmead ranks second in the list of the 20 postcodes, which usually relate to more than one suburb or town.
Only Wagga Wagga sits on the list from outside the greater Sydney metropolitian postcodes, although Gosford and Wyong are on Sydney's outskirts.
The postcode closest to the CBD is Dee Why.
All up the top 20 postcodes have received some $1.69 billion in grants.
As I wrote recently, just $200 million was given in first home buyer grants across NSW last year.
It was the lowest year since the scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership.
Looking foward, APRA statistics indicate that there are 45,300 First Home Saver accounts in existence, which allows generous federal government tax treatment of funds on deposit.
Click to enlarge
