Domain Sydney Property Market Report - Jan 2013

The Sydney market continues to provide positive indications of increasing buyer activity although the prestige market remains dormant. Latest ABS data for November 2012 revealed the highest monthly number of loans approved for non-first home buyers in New South Wales for five years. By contrast first home buyers in New South Wales have gone missing with latest ABS loan numbers at the lowest level for over 20 years. This result is however no surprise given the surge in demand from first home buyers at the end of 2011 and into 2012 motivated by changes to state government buyer incentive programs.

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