Campbelltown is the State’s most popular suburb for first home buyers, according to new data released today by property experts InfoTrack.
InfoTrack’s Property Market Update Q3 2023 has named the top 10 suburbs with the highest volume of sales for first home buyers from 1 July to 30 September this year.
It found the 2560 postcode, which encompasses 19 suburbs, rose from seventh position in Quarter Two to take out the number one spot last quarter.
InfoTrack’s Head of Property Australia, Lee Bailie, said a younger cohort of buyers appeared to be taking advantage of the high value on offer in the Greater Western Sydney location.
“This postcode includes the hubs of Campbelltown, Leumeah, Macarthur Square and Appin, which are strong communities in themselves, and have the added advantage of being within commutable distance to the Sydney CBD,” Mr Bailie said.
“It’s positive to see younger buyers entering the property market, with 69 per cent (%) of those who purchased in the 2560 postcode last quarter aged under 39. A closer analysis shows more than a third (37%) were aged 30-39, followed closely by 20–29-year-olds who made up 32% of the buying cohort.
“Properties ranging in value from $700-$800k were the most popular, accounting for more than a quarter (28%) of the total property sales for the 2560 area.”
InfoTrack’s data also found three new postcodes entered the top 10 list for the first time.
“Sydney’s western postcode of 2200, home to Bankstown and Condell Park, came in at number seven, and 2127, which includes Homebush Bay, Sydney Olympic Park, Newington, and Wentworth Point, came in at number eight for the greatest number of sales to first home buyers last quarter,” Mr Bailie said.
The postcode of 2113 in Sydney’s north, which includes North Ryde, East Ryde, Macquarie Centre, Macquarie Park, and Blenhein Road, snuck into the list, taking out 10th place.
It was the only postcode outside of Greater Western Sydney to make the top 10.
The north-western postcode of 2765, which took out the number one position last quarter, was named in third position, the same place it held at the start of the year in Q1. Marsden Park, Oakville, Riverstone and Vineyard are among the eight suburbs located in this postcode.
The full report can be viewed here.
