FIRST home buyers in Tamworth have been cashing in on state government real estate schemes new data shows.
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NSW Treasurer's office date shows 290 Tamworth people benefited from the First Home Buyers Scheme, saving more than $2.8 million dollars in stamp duty costs.
Meanwhile, the $10,000 First Home Owner Grant delivered a total of $470,000 to buyers in Tamworth.
In other parts of the state, the grant delivered a total of $1,764,000 to buyers at Dubbo, Orange and Bathurst.
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The First Home Buyers Scheme and the First Home Owner Grant are key planks in the NSW government's housing affordability package.
New loans to owner-occupier first home buyers across Australia have reached a decade-high in December, new figures from the Australian Bureau of Statistics show.
During December, the volume of new loans to owner-occupier first home buyers increased by 6.2 per cent in seasonally-adjusted terms to record a monthly total of 9606.
The last time a higher monthly total was recorded was 10 years ago back in December 2009.
The owner-occupier first home buyer market share of new loans in NSW was 30.5 per cent, trailing Western Australia, Victoria, the Northern Territory and the ACT and Queensland, but ahead of South Australia and Tasmania.
The NSW government's First Home Buyers Scheme eliminates stamp duty for first home buyers purchasing a new or existing property valued up to $650,000, and provides stamp duty savings for homes valued between $650,000 and $800,000.
The maximum saving under the scheme when buying a new or existing property valued up to $650,000 is currently $24,682, the NSW Treasurer's office advises.
The First Home Owner Grant of $10,000 is available for new housing constructions valued up to $600,000, or for land and a new construction the applicant intends to build, valued up to $750,000.
The federal government's First Home Loan Deposit Scheme started on January 1, with 10,000 places available this financial year, and another 10,000 from July 1.
Under the scheme, approved applicants will be able to purchase a home with a deposit of as little as five per cent, allowing them to get into the market sooner.
