It has been tough for first home buyers to secure a property in NSW in the last few years with property prices sky-rocketing and being unaffordable. The First Home Buyer Choice scheme is designed to lower the upfront costs of purchasing a home to increase the rate of home ownership in NSW for First Home Buyers. Stamp duty is a hefty sum for first-home buyers.
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The Property Market: Time to SELL or BUY?
The Property Market: Time to Sell or Buy?
Topics:
Real Estate Conveyancing
Conveyancing
Rate of interest - Reserve Bank of Australia
First home Buyer
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NSW Government updates stamp duty thresholds
Yesterday, the NSW Government announced updates to stamp duty thresholds which is set to boost first home buyer activity and housing construction across NSW - all part of the Government’s COVID-19 Recovery Plan.
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Stamp duty change for First Home Buyers starting 1 August 2020
NSW government has abolished stamp duty for First-Home buyers to give relief to to support the economy amid the Covid-19 pandemic.