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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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Western suburbs property to pull NSW out of the red

By Staff Reporter
23 September 2009 | 1 minute read

Liverpool and Blacktown in Sydney’s Western suburbs are leading the charge in home sales and helping to drag NSW out of the economic doldrums.

According to a report in the Daily Telegraph, Liverpool and Blacktown recorded the highest number of sales over July and August (767) - worth more than $262 million.

The state government is hoping the increased number of sales and spike in stamp duty revenue will rescue it from its $1.3 billion deficit.

Over the last two months, there has been a $24 million increase in stamp duty, up from $494.4 million for the same time last year to $518.5 million.

And with upgraders and investors geared up for re-entry into the market, the NSW government is forecasting an extra $150 million in stamp duty over the coming year, the daily reported.

Western suburbs property to pull NSW out of the red
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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.