BlacktowN
ISSUE 17 | August 2022
TRUSTED LOCAL NEWS
WWW.GREATERBLACKTOWNNEWS.COM.AU
Inspiring teacher wins innovation award
PROPERTY
Approval for Blacktown Workers $500M project
SPECIAL FINALISTS FEATURE INSIDE
BOMAD HOT SPOT As Blacktown property prices surge young buyers are turning to the Bank of Mum and Dad in record numbers
Y
OUNGSTERS are closing in on deals and buying their dream homes earlier than their anticipated timeline, courtesy of the Bank of Mum and Dad (BoMaD). An interesting trend has emerged in the real estate sector - a whopping 60% of first home buyers have been financed by their well-meaning parents
GET OUT + ABOUT IN THE CBD THIS AUGUST
to make their property dreams a reality. Interestingly, 2021 was a record year for Australia’s ninth biggest money lender, BoMaD. If statistics are to be believed, the BoMaD loans are currently hovering at a staggering $34B mark. In Western Sydney, Blacktown Local Government Area is considered a hotspot for BoMaD properties. More: page 6.
1 — 31 AUGUST FOUR WEEKS OF EVENTS, MUSIC, DANCE, FOOD, ART AND MORE.