THE NSW opposition has accused the O'Farrell government of locking young people out of Sydney's housing market by ending the first home owner grant and dumping stamp duty exemptions.
Speaking in parliament, shadow treasurer Michael Daley said housing finance for first home buyers had fallen to its lowest level in 20 years.
Addressing Treasurer Mike Baird in question time, Mr Daley said: "Will you now accept, treasurer, that your government has locked young people, particularly young people in western Sydney, out of the housing market?"
He called on the government to reverse the removal of the $7000 first home owner grant and the dumping of stamp duty exemptions, worth up to $17,990.
Mr Baird rejected Mr Daley's suggestion.
"We have made a huge difference in the housing sector," Mr Baird said.
Opposition Leader John Robertson on Tuesday said data from the Australian Bureau of Statistics showed 988 first home buyer loans were granted in NSW in December.
He said that was down from 1383 in November, and represented a 20-year low.
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