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First Home Buyer Changes in NSW

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First Home Buyer Changes in NSW

On 1 June 2017, the NSW government advised that they were supporting first home buyers.

According to the NSW government’s website, they have announced a:

“comprehensive package to improve housing affordability is focused on helping first home buyers, who often face stiff competition from investors. 

  • abolish stamp duty on all homes up to $650,000
  • give stamp duty relief for homes up to $800,000
  • provide a $10,000 grant for builders of new homes up to $750,000 and purchasers of new homes up to $600,000
  • Abolish insurance duty on lenders’ mortgage insurance
  • ensure foreign investors pay higher duties and land taxes
  • no longer allow investors to defer paying stamp duty on off-the-plan purchases.”

Read more here: https://www.nsw.gov.au/improving-nsw/projects-and-initiatives/first-home-buyers/

Looking to buy or sell? Call us on (02) 9191-7319 or email us at info@westla.com.au for further information. 

 

Author

Jonathan became a lawyer in the Supreme Court of New South Wales in 2011 and is also admitted to the High Court of Australia. He has extensive knowledge in real estate, insurance, court disputes, personal injury, and commercial law.

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Satisfied Clients

Alexis Pabico
Thank you very much Jonathan! He made our purchase a very seamless experience, He was professional and helpful though the whole process from the beginning right until settlement.
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Petra Fernandez
We engaged the services of West Legal and Associates several times. The last one was for our conveyancing needs. Jonathan has been amazing, professionally guiding us to a successful settlement every step of the way. Everything was systematically planned and occurred as required.
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Frank Eelman
Jonathan was recommended to me by a friend and I can truly say that Jonathan didn’t fail to impress me. He had the answer to everything I needed to know and every little bump that popped up along the way. He was very helpful, on the ball and very responsive during the entire process.
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Sharath & Pretasha
We purchased our property about 7 months ago using West Legal for our conveyancing needs. Jonathan and Jessie were fantastic throughout the entire process of the property purchase. Jessie did our contract reviews and was very professional and answered all of our questions.
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