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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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End of FHOG may stall activity

By Staff Reporter
26 August 2009 | 1 minute read

Sydney’s improving auction clearance rates are a positive sign for the market however impending rate rises and the end of the beefed-up first home owners grant may dampen activity.

Real Estate Institute of NSW CEO Tim McKibbin told the Daily Telegraph that although the market is going strong, the wind back of the first home owners boost in September and a possible increase in interest rates could slow market interest.

On 1 October 2009, the federal government will slash its $14,000 grant for an established home and $21,000 grant for a new property to $10,500 and $14,000 respectively.

A Residex July 2009 snapshot of the city's home values showed that it was predominately the lower end of the market that was driving the recent property price surge.

Prices in Liverpool are up 7 per cent this month compared to a drop of 8 per cent in Manly on the Northern Beaches.

End of FHOG may stall activity
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.