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First-home buyers in NSW are overwhelmingly looking to buy a home rather than an investment property, are perfectly pricing their purchases to avoid stamp duty costs and are buying by themselves, according to the exclusive research by InfoTrack.
The latest InfoTrack Property Market Update by CEO John Ahern has revealed that in the year to October’s end, 84 per cent of first-home buyers in NSW purchased either a house (47 per cent) or a strata property (37 per cent) as owner occupiers, despite the growing trend of “rentvesting” becoming a financially viable pathway onto the property ladder.