First Home Owners Grant NSW Changes

For all those first home buyers out there in NSW there has been some recent government changes to the First Home Owners Grant NSW which may be of benefit to your circumstances.

 

On and from 1 July 2014, the first home owner grant cap will increase from $650,000 to $750,000 for NSW properties.  This applies to contracts entered into on or after 1 July 2014, or for owner builders if the building work commences on or after 1 July 2014.  The grant will only be available for properties with a total value not exceeding the cap amount.


There are no other changes to the First Home Owner Grant.  Therefore, the proposed reduction of the grant 1 January 2016 still stands.

If you would like further information in relation to the grant you can contact the NSW Office of State Revenue direct or please feel free to give me a call on 02 9871 2969 or email me at cherie.junek@mortgagechoice.com.au and I am more than happy to discuss your first home owner scenario with you.
 
Posted in: First home buyers

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