Tamworth is starting to see the surge in housing market activity as the HomeBuilder scheme starts to come into play.
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While most areas are seeing a slight uptick as people start to gain confidence in the market again, according to the Housing Industry Association, Tamworth's market has seen "abnormally high numbers."
Speaking to home loan brokers and real estate agents covering the region, they have seen a huge increase in people seeking to buy homes.
Director and finance broker for Tamworth's Priority Home Loans Bryan Coleman said in fact, he was almost concerned over how much interest there was.
Lots and lots of people are coming out of the woodwork to buy homes with the HomeBuilder scheme.
- Bryan Coleman
"Lots and lots of people are coming out of the woodwork to buy homes with the HomeBuilder scheme," he said.
With a relatively quick three-month building commencement window, come the end of the year he said builders will be "snowed under".
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"It is also pulling some people into the market who aren't quite ready. We as a community need to be careful we are not artificially putting people into a situation they are not ready for."
As a spree of new homes are slotted to be built, it couldn't come at a better time, says real estate agent Mark Madden.
As a sales consultant for Burke and Smyth Real Estate, he said interest in buying was almost like a "spring rush".
Coupled with the lowest ever vacancy rates he'd seen in 11 years on the job, well below one per cent, it was an investor's dream especially considering metropolitan areas were seeing one of their biggest vacancy rates.
The numbers of citysiders looking to buy in Tamworth had "just exploded" in the last two weeks, with almost half of buyers being from the city.
We have almost the lowest ever vacancy rates, and a high number of first home buyers looking to enter the market.
- Mark Madden
Around half of interested buyers are relocating were from the city looking to capitalise on regional and rural life.
"We have almost the lowest ever vacancy rates, and a high number of first home buyers looking to enter the market," Mr Madden said.
"Looking at all the reports, the regional areas are seeing much more activity than metro areas. They are opening up new agencies in places like Bowral ... it follows the trend that citysiders want to get out."
Nationally, the report outlined there was also one of the highest ever surges in re-financing over the last few months, as households took advantage of record low interest rates.
Yet Mr Coleman said he had not seen this interest in refinancing, but instead had people come in to renegotiate with their current lenders.