When Do These Stamp Duty Savings Begin
The change will take effect from the 01 July 2017
Contracts dated prior to the commencement of these reforms will continue to be eligible for the same grants, concessions and conditions for which they would have been eligible should these changes not have occurred.
First Home Owners Grant (New Homes)
Approved First home buyers building a new property will be entitled to a $10,000 grant on homes worth up to $750,000 (Including building a home on a vacant land)
Approved First home buyers purchasing a new property worth up to $600,000 will be entitled to a $10,000 grant.
This policy aims to provide assistance to First Home Buyers and stimulate the construction of new dwellings.
Further information can be found by calling 1300 130 624 or clicking on the below links to the NSW Government Website
Please note that this is meant as a GUIDE ONLY and Finance in Sydney encourages you to complete your own independent research into your personal situation.