MEDIA RELEASE: FIRST HOME BUYERS LEFT RELYING ON HOME BUILDING CAUSING PRICE DROPS: NSW BUDGET

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Published by: Domain.com.au  |  Story by: Jennifer Duke

First-home buyers won’t be getting any new grants or concessions in the NSW Budget. Instead, they’ll have to wait for high levels of home building to translate into falling property prices, NSW Treasurer Gladys Berejiklian said on Tuesday.

In the aftermath of a four-year house price boom leaving Sydney’s median price just below $1 million, Ms Berejiklian said they were “doing everything [they] can” for those yet to step onto the…