Blacktown News - August 2022

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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

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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.


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Blacktown News - August 2022 by Community Broadcast Network (CBN) - Issuu