New figures show several suburbs across Campbelltown and Macarthur are in the State’s top 10 locations for first home buyers.
National data from property experts InfoTrack found there was a 62 per cent increase in real estate sales across the country, when comparing January to March, as house prices fell.
InfoTrack’s Property Market Update Q1 2023 confirmed South Western Sydney is a property hot spot.
InfoTrack’s Head of Property Australia, Lee Bailie, said the 2560 postcode came in at number four for the highest volume of sales for first home buyers last quarter.
“Campbelltown’s commutable distance to the Sydney CBD, its affordable properties, strong sporting culture, and facilities across health, education and the arts, make the suburb and its surrounds very appealing for first home buyers,” Mr Bailie said.
“The 2560 postcode encompasses 19 suburbs in and around Campbelltown, including Macarthur Square, Rosemeadow, and St Helens Park.
“New South Wales’ number one spot for sales volume last quarter was postcode 2155, which encompasses Kellyville and Rouse Hill, while Blacktown, Liverpool and North Parramatta also featured in the top 10 locations.
“The only area outside of Sydney’s west and southwestern suburbs to make the top 10 was the postcode 2250, on the Central Coast.”
InfoTrack’s Property Market Update also found houses were the top choice for first home buyers in New South Wales.
“Strata properties represented the greatest portion of sales for this buying cohort at the end of 2022, but the start of 2023 has seen this shift to House Owner Occupied,” Mr Bailie said.
“House Owner Occupied represented 50 per cent of sales based on land use for first home buyers, compared with 46 per cent of Strata Owner Occupied properties.
“Given the overall strong performance of property sales over the most recent quarter, we expect more Australians to take advantage of the current buyer’s market to purchase their first home.”
The full report can be viewed here.
