NSW cuts stamp duty for first time buyers
New South Wales has slashed stamp duty charges for first homebuyers in a bid to boost new home construction and help the state recover from COVID-19.
New housing developments in Western Sydney are likely to benefit most from the stamp duty concessions. Photo: Shutterstock (Image source: Shutterstock.com)
New South Wales has slashed stamp duty charges for first homebuyers in a bid to boost new home construction and help the state recover from COVID-19.
Premier Gladys Berejiklian said the threshold for stamp duty charges for first-time buyers in NSW would be raised from $650,000 to $800,000, with more than 6,000 buyers expected to benefit from the changes.’
Reduced concessions will be available on properties worth up to $1 million.
For vacant la…
