Stamp Duty discounts for NSW Central Coast First Home Buyers

In an effort to address housing affordability in New South Wales, the State government has today announced a number of changes to help first home buyers.

First Home Buyers
As part of the proposed changes, stamp duty will be scrapped on all homes up to $650,000, saving buyers up to $24,740. First home buyers will also receive discounts on stamp duty for purchases up to $800,000.

The changes, effective 1st July 2017, also include a $10,000 grant for builders of new homes up to $750,000 and purchases of new homes up to $600,000.

The government has also announced the insurance duty on lender’s mortgage insurance will be abolished.

If you’re a first home buyer and you want to hear more about the state government’s proposed changes and how they may impact you call Terry Hinchliffe your Central Coast Mortgage Choice broker on 0459 487 396 today.

Posted in: First home buyers

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