PHOTO: Paul Costin in his newly purchased home in Lane Cove. Photo: James Alcock

Some Sydney buyers are getting more bang for their buck in suburbs they were once locked out of as house prices continue to fall.

House prices in the harbour city recorded the steepest decline in more than two decades after a 9.9 per cent drop in the past year, the latest Domain House Price Report showed.

As a result, more first-home buyers have entered the market while other buyers have upgraded their family home in their desired suburbs, agents are reporting.

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