By Robert Carry

The New South Wales Government's stamp duty concession, introduced in July as part of an effort to boost the region's struggling new housing sector, has failed to attract investors in significant numbers.

According to The Sydney Morning Herald, just 808 investors have taken advantage of The Housing Construction Acceleration Plan initiative - an average of 57 per week since its launch date. The concession was given a budget of $64m but so far just $6.2m worth of stamp duty savings have been passed on.

The slack response to the plan is in marked contrast to the first time home buyers grant which saw some 1500 successful recipients per week.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan