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Tuesday, June 06 2017

First Home buyers of properties valued up to $650,000.00 will now be eligible for a 100% exemption from Stamp Duty for both new and existing homes as a result of changes recently announced by the New South Wales Government.  

Previously, this exemption was only available for brand new homes valued up to $550,000.00.  This amounts to a saving of $24,760.00 for the buyer of a home at the top of the threshold.  

The changes announced also include a reduction in Stamp Duty for new and existing homes valued between $650,000.00 and $800,000.00.  

The changes will apply to Contracts dated on or after July 1, 2017 and will hopefully make the goal of owning a home more achievable for some first home buyers.    

Posted by: Red Key Conveyancing AT 01:36 pm   |  Permalink   |  Email


PROPERTY CONVEYANCING NEWS | COFFS HARBOUR, TOORMINA, SAWTELL

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We specialise in providing personalised and professional conveyancing services throughout New South Wales. We work to ensure the conveyancing process is as simple and stress free as possible for you. Fixed fees and obligation free consultations for your peace of mind.

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P: (02) 6699 3834
26 Tucker Close, Toormina (by appointment)
PO Box 100 Toormina NSW 2452

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